Diana Shipping Announces Time Charter with Uniper

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(Image Courtesy: Diana Shipping)

Diana Shipping Inc. on Monday announced a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra.

The gross charter rate is US$10,800 per day, minus a 5% commission paid to third parties, for a period of about fourteen (14) months to about sixteen (16) months. The new charter period is expected to commence on April 11, 2019.

The “Phaidra” is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$4.37 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sale of one Panamax dry bulk vessel, the m/v Dione, Diana Shipping Inc.’s fleet will consist of 46 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 18 Panamax).

As of today, the combined carrying capacity of the Company’s fleet, including the m/v Dione, is approximately 5.6 million dwt with a weighted average age of 9.19 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained…

Sea News, April 9