Diana Shipping Fixes Houston with Koch

February 22, 2019

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Houston.

The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$10,125 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to about 17 months. The charter commenced on February 17, 2019.

The “Houston” is a 177,729 dwt Capesize dry bulk vessel built in 2009.

This employment is anticipated to generate approximately US$4.25 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sales of two Panamax dry bulk vessels, m/v Danae and m/v Dione, 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 9.28 years.

Logistics News

Major Port Investment in Atlantic Canada

DP World Marks Record 8.3% Growth in Container Handling for 2024

DP World Marks Record 8.3% Growth in Container Handling for 2024

Lithuanian Port Goes Forward with Quay Reconstruction for Offshore Wind

Lithuanian Port Goes Forward with Quay Reconstruction for Offshore Wind

Smuggled Horses Intercepted at Port

Smuggled Horses Intercepted at Port

Subscribe for Maritime Logistics Professional E‑News

Maersk Q4 profits beat forecasts, but earnings are expected to be lower in 2025
Brazil trucks block key transshipment facilities as soy exports slow down
Neo-Nazi leader convicted in Baltimore plot to attack power grid