Diana Shipping announces time charters
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 agreed to extend the present time charter contract with Hudson Shipping Lines Incorporated for one of its Panamax dry bulk vessels, the m/v Protefs. The gross charter rate is US$11,000 per day, minus a 3.75% commission paid to third parties, for a period of about twelve (12) months to maximum fifteen months. The new charter period will commence on September 19, 2018. The m/v Protefs is currently chartered, as previously announced, at a gross charter rate of US$7,900 per day, minus a 5% commission paid to third parties.
The “Protefs” is a 73,630 dwt Panamax dry bulk vessel built in 2004.
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hudson Shipping Lines Incorporated for one of its Panamax dry bulk vessels, the m/v Nirefs. The gross charter rate is US$10,750 per day, minus a 3.75% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen months. The charter commenced on August 11, 2018. The m/v Nirefs was chartered, as previously announced, to Jaldhi Overseas Pte. Ltd., Singapore, at a gross charter rate of US$9,400 per day, minus a 5% commission paid to third parties.
The “Nirefs” is a 75,311 dwt Panamax dry bulk vessel built in 2001.
The employment extension of “Protefs” as well as the employment of “Nirefs” are anticipated to generate approximately US$7.34 million of gross revenue for the minimum scheduled periods of the time charters.