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Diana Shipping announces direct continuation of time charter contract
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is US$10,800 per day, minus a 5% commission paid to third parties, for a period of about fourteen months to about sixteen months. The new charter period is expected to commence on April 11, 2019.
The “Phaidra” is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013.
This employment is anticipated to generate approximately US$4.37 million of gross revenue for the minimum scheduled period of the time charter.