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Diana Shipping Announces Time Charter Contracts for MV Electra and MV Protefs

Logistic News - Published on Wed, 27 Nov 2019

Image Source: dianashippinginc
Diana Shipping Inc announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GmbH & Co KG, Lübeck, Germany, for one of its Post-Panamax dry bulk vessels, the MV Electra. MV Electra is a 87,150 Dwt Post-Panamax dry bulk vessel built in 2013. The gross charter rate is USD 10,250 per day, minus a 5% commission paid to third parties, for a period of minimum eleven months to maximum thirteen months. The charter has commenced.

The Company 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 MV Protefs. The gross charter rate is USD 9,900 per day, minus a 5% commission paid to third parties, for a period until minimum January 1, 2021 up to maximum March 31, 2021. MV Protefs is a 73,630 DWT Panamax dry bulk vessel built in 2004. The charter is expected to commence on November 27, 2019.

Source :

Posted By : Arun Huidrom on Wed, 27 Nov 2019
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