Diana Shipping Announces Direct Continuation of Time Charter Contract for mv Aliki with SwissMarine

By Vessels

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, Friday announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Aliki, for a period of about eleven (11) months to maximum fourteen (14) months. The gross charter rate is US$10,300 per day, minus a 5% commission paid to third parties. The new charter period is expected to commence on February 13, 2017.

Diana Shipping Announces Direct Continuation of Time Charter Contract for mv Aliki with SwissMarine

Bulk carrier Aliki - Image courtesy of Ahmet Ünlügil

The Aliki is a 180,235 dwt Capesize dry bulk vessel built in 2005.

The employment extension of Aliki is anticipated to generate approximately US$3.24 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 48 dry bulk vessels (4 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 23 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.7 million dwt with a weighted average age of 7.70 years.

Source: Diana Shipping