Diana Shipping, Koch Shipping Ink Time Charter Deal for Capesize Bulker
Greece-based vessel owner Diana Shipping has entered into a time charter contract with Singapore’s Koch Shipping for its Capesize dry bulk vessel Houston.
Diana Shipping said the gross charter rate was agreed at USD 10,125 per day for a period of fourteen to about seventeen months.
The charter for the 177,729 dwt Houston started on February 17, 2019.
The 2009-built dry bulker is expected to generate an estimated USD 4.25 million of gross revenue for the minimum scheduled period of the time charter, Diana Shipping noted.
Houston concluded a ten-month time charter with Geneva-based SwissMarine Services in February this year. The day rate for the time period was USD 19,000.
The charter for Houston was announced a week after the company disclosed the sale of two 2001-built Panamax dry bulkers Danae and Dione.
Once the sale of the two vessels is completed, Diana Shipping’s fleet will consist of 46 dry bulk vessels, comprising 4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 18 Panamax bulkers.