Hudson Shipping Hires Diana’s Panamax

Greek dry bulk owner Diana Shipping has entered into a time charter contract with Hudson Shipping Lines Incorporated for one of its Panamax dry bulk vessels, the M/V Thetis.

The gross charter rate for the 2004-built ship is USD 10,650 per day for a period of minimum fourteen to maximum seventeen months.

The charter is expected to commence tomorrow, the company said.

As informed, the employment is anticipated to generate approximately USD 4.47 million of gross revenue for the minimum scheduled period of the time charter.

The 73,583 dwt Panamax was chartered to Hong Kong-based Ausca Shipping Limited at a gross charter rate of USD 8,350 per day.

Upon completion of the previously announced sales of two Panamax dry bulk vessels, Triton and Alcyon, Diana Shipping’s fleet will comprise 48 dry bulk vessels. As of today, the combined carrying capacity of the company’s fleet, including Triton and Alcyon, is approximately 5.8 million dwt with a weighted average age of 9.23 years.