Diana Shipping fixes out bulker tandem

Greek bulker owner Diana Shipping has entered into time charter contracts for two of its dry bulk vessels.

The 208,021-dwt 2017-built dry bulker Newport News was hired by NYK on a gross charter rate of $20,000 per day, minus a 5% commission paid to third parties, for a period until a minimum of March 10, 2025, up to a maximum of June 10, 2025. The charter of the newcastlemax vessel is expected to begin during the second half of September 2023.

Diana Shipping also won a time charter contract with Paralos Shipping for the 2013-built panamax dry bulk vessel Ismene. The 77,901-dwt bulker was hired on a gross charter rate is $12,650 per day, minus a 5% commission paid to third parties, for a period until a minimum of April 15, 2025, up to a maximum of June 30, 2025. The charter is expected to begin on September 14, 2023.

According to the company, the employment of the two ships is anticipated to generate approximately $17.8m of gross revenue for the minimum scheduled period of the time charters.

Diana Shipping’s fleet currently consists of 41 dry bulk vessels – four newcastlemax, ten capesize, five post-panamax, six Kamsarmax, seven panamax, and nine ultramax. As of today, the combined carrying capacity of the company’s fleet is approximately 4.7m dwt with a weighted average age of 10.44 years.