Diana Shipping Inks Newcastlemax Charter with Koch

  • Business & Finance

Greek shipowner Diana Shipping has extended a time charter contract with Singapore’s Koch Shipping for one of its Newcastlemax dry bulk vessels, the San Francisco.

The gross charter rate for the 208,006 dwt bulker was agreed at USD 16,000 per day for a period of nineteen to about twenty-two months. The charter commenced on March 5.

Diana Shipping informed that the new employment is expected to generate USD 9.12 million of gross revenue for the minimum scheduled period of the time charter.

The Newcastlemax was previously chartered to Koch Shipping at a rate of USD 24,000 per day.

Following completion of the announced sales of two Panamax dry bulk vessels, Danae and Dione, Diana Shipping’s fleet will consist of 46 dry bulk vessels.

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