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Diana Shipping TC Contract for M/V Coronis

Coronis. Photo: Diana Shipping Inc.

Shailaja A. Lakshmi

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CJ International Italy Societa Per Azioni for one of its Panamax dry bulk vessels, the m/v Coronis, for a period of minimum 12 months to maximum 15 months.

The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$8,300 per day for the first sixty (60) days of the charter period and US$11,300 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties.

The charter commenced on August 11, 2018. The m/v Coronis was chartered, as previously announced, to Narina Maritime Ltd, at a gross charter rate of US$9,000 per day, minus a 5% commission paid to third parties, for the agreed period of the time charter.

The "Coronis" is a 74,381 dwt Panamax dry bulk vessel built in 2006.

This employment is anticipated to generate approximately US$3.89 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 (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 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 8.98 years.

Aug 16, 2018

 

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