Diana Shipping Finds Work for Panamax Bulker

  • Business & Finance

Greek dry bulk shipowner Diana Shipping has entered into a time charter contract with Hong Kong-based Ausca Shipping Limited for one of its Panamax vessels.

Under the deal, the company’s 76,942 dwt Artemis will start working for Ausca Shipping on September 18¬†for a period of twelve to fifteen months.

The parties agreed a gross charter rate of USD 12,600 per day for the time carter period.

The 2006-built Panamax is currently chartered at a rate of USD 9,000 per day.

This employment is expected to generate USD 4.54 million of gross revenue for the minimum scheduled period of the time charter.

Related news

List of related news articles