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Tuesday, April 24, 2018

Maritime Logistics Professional

April 10, 2018

Diana Shipping TC Contract for Melia with United

M/v Melia. Photo: Diana Shipping Inc

M/v Melia. Photo: Diana Shipping Inc

 Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with United Bulk Carriers International S.A., Luxembourg, for one of its Panamax dry bulk vessels, the m/v Melia. 

 
The  global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$12,000 per day, minus a 5% commission paid to third parties, for a period of minimum s 17 months to maximum 20 months. 
 
The charter is expected to commence on April 20, 2018. The m/v Melia is currently chartered, as previously announced, to Nidera S.P.A., Roma, at a gross charter rate of US$9,500 per day, minus a 5% commission paid to third parties.
 
The “Melia” is a 76,225 dwt Panamax dry bulk vessel built in 2005.
 
This employment is anticipated to generate approximately US$6.12 million of gross revenue for the minimum scheduled period of the time charter.
 
Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.63 years. 
 
Diana Shipping Inc.Luxembourgwholly-owned subsidiary