rss icon Subscribe
desktop mobile

Diana Shipping Signs TC Contract for m/v Maera with ST Shipping

Maera. 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 ST Shipping and Transport, Singapore, for one of its Panamax dry bulk vessels, the m/v Maera.

The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of about seven months to maximum nine months.
The charter commenced on July 4, 2018. The "Maera" is a 75,403 dwt Panamax dry bulk vessel built in 2013.
This employment is anticipated to generate approximately US$2.29 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 8.88 years
The Company's vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

Jul 10, 2018

 

Bulk Carriers

Star Bulk Carriers Reports Q1 Loss

Pic: Star Bulk Carriers Corp.

Greek shipping company Star Bulk Carriers Corp reported a net loss of $5.3 million, or $0.

Dry Bulk Fleet Utilization Falls 3.7% in Q1

Pic: Golden Ocean

Global dry bulk fleet utilization (calculated as total demand in tonne miles transported divided

Diana Shipping Fixes Baltimore with Koch

Pic: Diana Shipping Inc

Diana Shipping has entered into a time charter contract with the Singapore-based provider of

Contracts

Japanese LNG Carriers Pact with Wärtsilä

Wärtsilä’s long-term service agreements play an important role in maintaining optimal performance for vessels of all kinds. Copyright: JERA/NYK

Finnish technology group Wärtsilä has signed long-term service agreements for four Japanese-owned

Teekay Offshore Renews and Expands VSAT

Photo courtesy of Marlink

Teekay Offshore, one of the largest marine energy transportation, storage & production companies

Griffon Hoverwork Wins New Orders

Photo: Griffon Hoverwork

Southampton, UK-based hovercraft builder Griffon Hoverwork has won two new orders for its latest

Maritime Apps