Diana Shipping announces Time Charter with Koch

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Image used for representational purposes only (Image Courtesy: Diana Shipping Inc)

Diana Shipping Inc. on Monday announced that it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Aliki.

The gross charter rate is US$11,300 per day, minus a 5% commission paid to third parties, for a period until minimum January 1, 2021 up to maximum March 15, 2021. The charter commenced on April 23, 2020.

The “Aliki” is a 180,235 dwt Capesize dry bulk vessel built in 2005.

This employment is anticipated to generate approximately US$2.81 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax and 14 Panamax).

As of today, the combined carrying capacity of the Company’s fleet is approximately 5.1 million dwt with a weighted average age of 9.61 years.

Sea News, April 28

Baibhav Mishra
Author: Baibhav Mishra