Diana Shipping signs time charter contract for MV Ismene with DHL

By Vessels

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with DHL Project & Chartering Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Ismene.

Diana Shipping signs time charter contract for MV Ismene with DHL
Caption: Panamax dry bulk carrier Ismene - Image courtesy of Diana Shipping

The gross charter rate is US$12,000 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum fifteen (15) months. The charter is expected to commence on September 16, 2017. The m/v Ismene is currently chartered, as previously announced, to Glencore Grain B.V., Rotterdam, at a gross charter rate of US$5,850 per day, minus a 5% commission paid to third parties.

The Ismene is a 77,901 dwt Panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$4.32 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 51 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 23 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.9 million dwt with a weighted average age of 8.11 years.

Source: Diana Shipping Inc.