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Diana Shipping Cancels Time Charter Contract for MV Polymnia

Logistic News - Published on Tue, 12 Nov 2019

Image Source: dianashippinginc.
Diana Shipping Inc announced the cancellation of the time charter contract with Al Ghurair Resources International LLC Dubai, for one of its Post-Panamax dry bulk vessels, the MV Polymnia, as announced on October 10, 2019. Charterers have exercised their right to cancel the time charter contract since the vessel was not delivered, due to unforeseen events, unrelated to the condition of the vessel, during the pre-agreed period.

The MV Polymnia is currently chartered, as previously announced, to Cargill International SA, Geneva, at a gross charter rate of USD 16,000 per day, minus a 4.75% commission paid to third parties. At the moment the Company is seeking a replacement charter for the MV Polymnia.

The Polymnia is a 98,704 DWT Post-Panamax dry bulk vessel built in 2012.

Source :

Posted By : Yogender Pancholi on Tue, 12 Nov 2019
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