Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, yesterday announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of about seven (7) months to maximum nine (9) months. The charter commenced on July 4, 2018.

Diana Shipping Inc. Announces Time Charter Contract for mv Maera with ST Shipping
Caption: Bulk carrier Maera - Image courtesy of Robert Bortolin

The “Maera” is a 75,403 dwt Panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$2.29 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.88 years.

Source: Diana Shipping