marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Diana Shipping Fixes with Uniper and Phaethon

January 28, 2019

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite, for a period of minimum 14 months to maximum 17 months.

The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$5,000 per day for the first five (5) days of the charter period and US$12,750 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties.

The m/v Amphitrite was chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$11,150 per day, minus a 4.75% commission paid to third parties, for the agreed period of the time charter.

The “Amphitrite” is a 98,697 dwt Post-Panamax dry bulk vessel built in 2012.

Diana Shipping also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Naias.

The gross charter rate is US$10,000 per day, minus a 5% commission paid to third parties, for a period of minimum 23 months to about 26 months. The charter commenced on January 26, 2019.

The m/v Naias was chartered, as previously announced, at a gross charter rate of US$10,000 per day, minus a 5% commission paid to third parties, until January 26, 2019.

The “Naias” is a 73,546 dwt Panamax dry bulk vessel built in 2006.

The employments of “Amphitrite” and “Naias” are anticipated to generate approximately US$12.22 million of gross revenue for the minimum scheduled period of the time charters.

Diana Shipping Inc.’s fleet currently consists of 48 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 20 Panamax).

Logistics News

QatarEnergy to Ship LNG Cargo to Orlen Next Month

QatarEnergy to Ship LNG Cargo to Orlen Next Month

Mammoet, Port of Argentia Plan Floating Dry Dock, Marine Repair Facility

Mammoet, Port of Argentia Plan Floating Dry Dock, Marine Repair Facility

Port Innovation Congress Draws Record Attendees to Valencia

Port Innovation Congress Draws Record Attendees to Valencia

HD Hyundai, Kiewit Team Up to Build New US Shipyard

HD Hyundai, Kiewit Team Up to Build New US Shipyard

Subscribe for Maritime Logistics Professional E‑News

Volkswagen recalls 4 million cars, Handelsblatt reports
Pentagon: Boeing has won the contract for next-generation US Navy fighters.
US FAA: Boeing 737 MAX software bug poses no safety concern