The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V. (Rotterdam), for one of its Ice Class panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$10 500/d, minus a 5% commission paid to third parties, for a period of minimum fourteen months to maximum seventeen months. The charter is expected to commence on 23 February 2019.
The “Crystalia” is a 77 525 DWT Ice Class panamax dry bulk vessel built in 2014.
Additionally, the company announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore, for one of its panamax dry bulk vessels, the m/v Maera, for a period of 14 - 17 months. The gross charter rate is US$7000/d for the first 45 days of the charter period and US$9450/d for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced on 10 February 2019.
The “Maera” is a 75 403 DWT panamax dry bulk vessel built in 2013.
The employment of “Crystalia” and “Maera” are anticipated to generate approximately US$8.27 million of gross revenue for the minimum scheduled period of the time charters.
Upon completion of the aforementioned sales, Diana Shipping Inc.’s fleet will consist of 46 dry bulk vessels (4 newcastlemax, 14 capesize, 5 post-panamax, 5 kamsarmax and 18 panamax). As of today, the combined carrying capacity of the company’s fleet, including the m/v Danae and m/v Dione, is approximately 5.7 million DWT with a weighted average age of 9.26 years.
