Diana Signs Time Charter with Hudson
By Aiswarya Lakshmi
June 20, 2017
Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hudson Shipping Lines Incorporated, for one of its Panamax dry bulk vessels, the m/v Protefs.
The gross charter rate is $7,900 per day, minus a 5 percent commission paid to third parties, for a period of minimum 12 months to about 15 months. The charter is expected to commence on June 23, 2017.
The Protefs is a 73,630 dwt Panamax dry bulk vessel built in 2004.
This employment is anticipated to generate approximately $2.84 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping's fleet currently consists of 51 dry bulk vessels (four Newcastlemax, 14 Capesize, five Post-Panamax, five Kamsarmax and 23 Panamax). As of today, the combined carrying capacity of the fleet is approximately 5.9 million dwt with a weighted average age of 7.89 years.
