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Greece : Diana Shipping Inc. Announces Time Charter Contract for m/v Semirio with Cargill
Publish Date : 03-Jul-2019
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 Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$16,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum fifteen (15) months to maximum eighteen (18) months. The charter is expected to commence on July 1, 2019.
The Semirio is a 174,261 dwt Capesize dry bulk vessel built in 2007.
This employment is anticipated to generate approximately US$7.2 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of one Panamax dry bulk vessel, the m/v Thetis, Diana Shipping Inc.s fleet will consist of 44 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 16 Panamax). As of today, the combined carrying capacity of the Companys fleet, including the m/v Thetis, is approximately 5.5 million dwt with a weighted average age of 9.31 years. A table describing the current Diana Shipping Inc. fleet can be found on the Companys website, www.dianashippinginc.com. Information contained on the Companys website does not constitute a part of this press release.
