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Saturday, December 16, 2017

Diana Shipping New TC Contract with SwissMarine

November 24, 2017

Norfolk. Photo: Diana Shipping Inc.

Norfolk. Photo: Diana Shipping Inc.

 Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Norfolk. 

 
The gross charter rate is US$13,250 per day, minus a 5% commission paid to third parties, for a period of minimum 21 months to maximum 24 months. The charter is expected to commence on December 1, 2017. 
 
The m/v Norfolk is currently chartered, as previously announced, to Trafigura Maritime Logistics Pte. Ltd., Singapore, at a gross charter rate of US$12,000 per day, minus a 5% commission paid to third parties.
 
The “Norfolk” is a 164,218 dwt Capesize dry bulk vessel built in 2002.
 
This employment is anticipated to generate approximately US$8.35 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 8.26 years.
 
Diana Shipping Inc.Swissmarine Services S.A.wholly-owned subsidiary