Diana Shipping through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Astarte.
According a press release from the global shipping company specializing in the ownership of dry bulk vessels, the gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to about 16 months. The charter is expected to commence on January 18, 2020.
The “Astarte” is a 81,513 dwt Kamsarmax dry bulk vessel built in 2013, it added.
This employment is anticipated to generate approximately US$4.94 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 Calipso, Diana Shipping Inc.’s fleet will consist of 41 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 13 Panamax).
As of today, the combined carrying capacity of the company’s fleet is approximately 5.2 million dwt with a weighted average age of 9.58 years.