Diana Shipping Signs Time Charter Agreement for Kamsarmax dry bulker Myrsini with RWE

By Vessels

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced yesterday that, through a separate wholly-owned subsidiary, it entered into a time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini. The gross charter rate is US$5,550 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to about fifteen (15) months.

The Myrsini is a 82,117 dwt Kamsarmax dry bulk vessel built in 2010.

Diana Shipping Signs Time Charter Agreement for Kamsarmax dry bulker Myrsini with RWE

Image: Krijn Hamelink

This employment is anticipated to generate approximately US$2.0 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 43 dry bulk vessels (2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 20 Panamax).

The Company also expects to take delivery of three Panamax dry bulk vessels by the end of March 2016, one new-building Newcastlemax dry bulk vessel during the third quarter of 2016, as well as one new-building Newcastlemax dry bulk vessel and one new-building Kamsarmax dry bulk vessel during the fourth quarter of 2016.

As of today, the combined carrying capacity of the Company’s fleet, excluding the six vessels not yet delivered, is approximately 5.0 million dwt with a weighted average age of 7.53 years.

Source: Diana Shipping