rss icon Subscribe
desktop mobile

Diana Shipping Fixes Two Dry Bulkers with SwissMarine

Pic: Diana Shipping

Shailaja A. Lakshmi

Diana Shipping has announced time charter contracts for m/v Newport News and m/v Los Angeles with SwissMarine.

The global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Newcastlemax dry bulk vessels, the m/v Newport News.

The gross charter rate is US$16,500 per day, minus a 5% commission paid to third parties, for a period of minimum 16 months to maximum 19 months.

The "Newport News" is a 208,021 dwt Newcastlemax dry bulk vessel built in 2017.

The provider of shipping transportation services through its ownership of dry bulk vessels also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles.

The gross charter rate is US$13,250 per day, minus a 5% commission paid to third parties, for a period of minimum 15 months to maximum 18 months

The "Los Angeles" is a 206,104 dwt Newcastlemax dry bulk vessel built in 2012.

The employments of "Newport News" and "Los Angeles" are anticipated to generate approximately US$13.88 million of gross revenue for the minimum scheduled period of the time charters.

Upon completion of the previously announced sales of two Panamax dry bulk vessels, m/v Danae and 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 Danae and m/v Dione, is approximately 5.7 million dwt with a weighted average age of 9.29 years.

Feb 25, 2019

 

Bulk Carriers

OP/ED: Smoother Sailing

Jennifer Carpenter, EVP and COO of The American Waterways Operators

Consistent Regulations Critical to Maritime Commerce, American Prosperity.“The ease of moving

INSIGHTS: Peter Stephaich

Peter Stephaich, Chairman & CEO, Campbell Transportation Company

Chairman & CEO, Campbell Transportation Company.Peter H. Stephaich is Chairman and CEO of Blue

Kawasaki Delivers Bulk Carrier Divinegate

Image: Kawasaki Heavy Industries

Japanese public multinational corporation Kawasaki Heavy Industries (HKI)announced that it

Logistics

Rhenus Acquires World Net Logistics

Image: Rhenus Group

European logistics provider Rhenus Group has acquired South African freight forwarding and

ZIM: Higher Revenues, But a Loss in 2018

Pic: ZIM

The biggest cargo shipping company in Israel, Zim Integrated Shipping Services Ltd (ZIM) reported

Kalmar Eco Solutions to Dutch Terminals

Pic: Cargotec

Kalmar is helping the Dutch company Ter Haak Group to improve the sustainability of its operations

Maritime Apps