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Diana Shipping Time Charter Contracts for MV Myrsini with Ausca and MV Artemis with Koch

Logistic News - Published on Tue, 10 Dec 2019

Image Source: Diana Shipping MV Myrsini,
Diana Shipping Inc has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Kamsarmax dry bulk vessels, the MV Myrsini, the company said in its release. The gross charter rate is USD 11,500 per day, minus a 5% commission paid to third parties, for a period of minimum thirteen months to about fifteen months. The charter is expected to commence on December 4, 2019. The Myrsini is a 82,117 dwt Kamsarmax dry bulk vessel built in 2010.

The Company also 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 Panamax dry bulk vessels, the MV Artemis. The gross charter rate is USD10,150 per day, minus a 5% commission paid to third parties, for a period of about nine months to maximum eleven months. The charter commenced on November 28, 2019. The Artemis is a 76,942 dwt Panamax dry bulk vessel built in 2006.

The employments of Myrsini and Artemis are anticipated to generate approximately USD 7.07 million of gross revenue for the minimum scheduled period of the time charters.

Source :

Posted By : Arun Huidrom on Tue, 10 Dec 2019
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