28372 members and growing – the largest networking group in the maritime industry!

LoginJoin

Saturday, December 16, 2017

Diana Shipping Extends Time Charter with RWE

August 4, 2017

G. P. Zafirakis. Photo: Diana Shipping Inc.

G. P. Zafirakis. Photo: Diana Shipping Inc.

 Diana Shipping has  announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis. 

 
The gross charter rate is US$15,000 per day minus a 5% commission paid to third parties, for a period of about 14 months to maximum 17 months. 
 
The new charter period will commence on August 14, 2017. The m/v G. P. Zafirakis is currently chartered, as previously announced, at a gross charter rate of US$6,500 per day, minus a 5% commission paid to third parties.
 
 
The "G. P. Zafirakis" is a 179,492 dwt Capesize dry bulk vessel built in 2014.
 
The employment extension of "G. P. Zafirakis" is anticipated to generate approximately US$6.08 million of gross revenue for the minimum scheduled period of the time charter.
 
Diana Shipping Inc.'s fleet currently consists of 51 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 23 Panamax). As of today, the combined carrying capacity of the Company's fleet is approximately 5.9 million dwt with a weighted average age of 8.01 years.
 
Diana Shipping Inc.RWE Supply & Trading GmbHwholly-owned subsidiary