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2020 December 1 17:05
Diana Shipping announces time charter contract for m/v Artemis with Glencore
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Artemis, the company said in its release. The gross charter rate is US$10,250 per day, minus a 5% commission paid to third parties, for a period until minimum January 5, 2022 up to maximum March 30, 2022. The m/v Artemis was chartered, as previously announced, to Koch Shipping Pte. Ltd., Singapore, at a gross charter rate of US$10,150 per day, minus a 5% commission paid to third parties.
The “Artemis” is a 76,942 dwt Panamax dry bulk vessel built in 2006.
This employment is anticipated to generate approximately US$4.06 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sales of one Panamax dry bulk vessel, the m/v Coronis, and one Capesize dry bulk vessel, the m/v Sideris GS, Diana Shipping Inc.’s fleet will consist of 38 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 12 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Coronis and the m/v Sideris GS is approximately 5.0 million dwt with a weighted average age of 10.15 years.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. 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.
