rss icon Subscribe
desktop mobile

Diana Shipping Time Charters Capesize Bulker

M/V Boston. Photo: Diana Shipping Inc.

By Aiswarya Lakshmi

Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with EGPN Bulk Carrier, Hong Kong, for one of its Capesize dry bulk vessels, M/V Boston.

The gross charter rate is $17,000 per day, minus a 5 percent commission paid to third parties, for a period of minimum 16 months to maximum 19 months. The charter commenced yesterday.
The m/v Boston was chartered, as previously announced, to Clearlake Shipping Pte. Ltd., Singapore, at a gross charter rate of $13,000 per day, minus a 4.75 percent commission paid to third parties, for the agreed period of the time charter.
Boston is a 177,828 dwt Capesize dry bulk vessel built in 2007.
This employment is anticipated to generate approximately US$8.16 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.'s fleet currently consists of 50 dry bulk vessels (four Newcastlemax, 14 Capesize, five Post-Panamax, five Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company's fleet is approximately 5.8 million dwt with a weighted average age of 8.29 years.

Dec 7, 2017

 

Bulk Carrier Trends

Dry Bulk Market Looks Up: J. Lauritzen

Lauritzen Bulkers. Photo:  J. Lauritzen

Both the dry bulk market and the market for small gas carriers are anticipated to benefit from

US Pushes More Sanctions Targeting N.Korea Maritime Smuggling

U.S. Ambassador to the United Nations Nikki Haley (File photo: US Mission to the United Nations)

The United States proposed a list of entities on Friday to be blacklisted under United Nations

Baltic Index Records Best Week in 3 Months

© Unkas Photo / Adobe Stock

The Baltic Exchange's main sea freight index hit its highest in more than three weeks and recorded

Contracts

GE Transportation to Supply Freight Locomotives to Ukraine in USD 1bln Deal

Photo: GE Transportation

GE Transportation signed a $1 billion framework agreement in Ukraine, marking a major milestone

Nordic American Tankers Signs TC with Major Oil Firms

Photo: Nordic American Tankers

In the autumn of 2017, Nordic American Tankers (NAT) advised you of our time charter

Djibouti Ends Dubai's DP World Contract to Run Container Terminal

Photo: DP World

Djibouti has ended a contract with Dubai's DP World, one of the world's biggest port operators

Maritime Apps