Diana Shipping Inks Charter Deal with Ausca

  • Business & Finance

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

Under the deal, the company’s 73,593 dwt Arethusa was scheduled to start working for Ausca Shipping on May 2 at a gross charter rate of USD 9,150 per day.

The charter contract for the 2007-built unit was signed for a period of twelve to fifteen months.

Diana Shipping said that the employment is expected to generate around USD 3.29 million of gross revenue for the minimum scheduled period of the time charter.

The vessel was previously chartered by Rotterdam-based Glencore Agriculture at a rate of USD 12,600 per day.

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