Transgrain Charters Diana Panamax Bulker

 

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that on July 8, 2015, through a separate wholly-owned subsidiary, it entered into a time charter contract with Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Clio. However, due to delays caused by unscheduled repairs to the vessel, the charter agreement was concluded earlier today. The gross charter rate is US$6,500 per day minus a 5% commission paid to third parties, for a period of minimum nine (9) months to maximum twelve (12) months. The charter is expected to commence by mid-August 2015.

The “Clio” is a 73,691 dwt Panamax dry bulk vessel built in 2005.

This employment is anticipated to generate approximately US$1.75 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping expects to take delivery of one new-building Capesize dry bulk vessel during October 2015, one new-building Newcastlemax dry bulk vessel during the second quarter of 2016, as well as  one new-building Kamsarmax dry bulk vessel and one new-building Newcastlemax dry bulk vessel during the third quarter of 2016. As of today, the combined carrying capacity of the Company’s fleet, excluding the four vessels not yet delivered, is approximately 4.7 million dwt with a weighted average age of 7.29 years.