rss icon Subscribe
desktop mobile

Diana Shipping Announces T/C Contracts

Posted by Michelle Howard

Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, for one of its Post-Panamax dry bulk vessels, the m/v Electra.

The gross charter rate is US$10,250 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum thirteen (13) months. The charter commenced earlier today.

The "Electra" is a 87,150 dwt Post-Panamax dry bulk vessel built in 2013.

The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Protefs. The gross charter rate is US$9,900 per day, minus a 5% commission paid to third parties, for a period until minimum January 1, 2021 up to maximum March 31, 2021. The charter is expected to commence on November 27, 2019.

The "Protefs" is a 73,630 dwt Panamax dry bulk vessel built in 2004.

The employments of "Electra" and "Protefs" are anticipated to generate approximately US$7.29 million of gross revenue for the minimum scheduled period of the time charters.


Nov 22, 2019

 

Contracts

Wabtec to Supply Engines for Marad's NSMV Fleet

(Image: MARAD)

Wabtec Corporation said it has been awarded a contract worth more than $10 million to supply

Great Lakes Wins Dredging Contracts Worth More than $50 Mln

(Image: Great Lakes Dredge & Dock Corporation)

The United States' largest dredging services provider Great Lakes Dredge & Dock Corporation on

Vigor Wins $133 Mln US Navy Repair Job

File photo: Arleigh Burke-class guided-missile destroyer USS McCampbell (DDG 85) (U.S. Navy photo Paul Kelly)

Vigor Marine has been awarded a $133,406,869 firm-fixed-price contract to prepare for and

Bulk Carriers

Baltic Index Falls as Lower Vessel Rates Bite

© MarinoDenisenko / Adobe Stock

The Baltic Exchange's main sea freight index fell on Wednesday, weighed by capesize rates hitting

Disabled Log Carrier Towed into NZ Port for Repairs

(Photo: Maritime NZ)

A log carrier that lost power and went adrift while leaving New Zealand's Port of Tauranga last

Baltic Index Slides on Lower Capesize Rates

© Alexey Lesik / Adobe Stock

The Baltic Exchange's main sea freight index fell on Tuesday weighed by falling rates for capesize

Maritime Apps