Diana Shipping signs time charter contract for mv Alcyon with Hudson

By Vessels

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, announced earlier this month that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hudson Shipping Lines Incorporated for one of its Panamax dry bulk vessels, the m/v Alcyon.

Diana Shipping signs time charter contract for mv Alcyon with Hudson
Caption: Bulk carrier Alcyon - Image courtesy of Capt.Oleg

The gross charter rate is US$8,800 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum fifteen (15) months.

The m/v Alcyon is currently chartered, as previously announced, to Dampskibsselskabet Norden A/S, Copenhagen, at a gross charter rate of US$5,000 per day, minus a 5% commission paid to third parties.

The Alcyon is a 75,247 dwt Panamax dry bulk vessel built in 2001.

This employment is anticipated to generate approximately US$3.17 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 7.95 years.

Source: Diana Shipping