Diana Shipping Fixes Kamsarmax to ASL Bulk Shipping at $14,250 Rate

Photo credit: Diana Shipping

Greece-based Diana Shipping has sealed, through a separate wholly-owned subsidiary, a time charter contract deal with ASL Bulk Shipping Limited for one of its Kamsarmax dry bulk vessels, Medusa.

The “Medusa” is a 82,194 deadweight Kamsarmax dry bulk vessel built in 2010. The company expects to gain from the employment of “Medusa” about US$8.92 million of gross revenue for the minimum scheduled period of the time charter.

New-York listed dry bulk owner Diana Shipping said the gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period until minimum February 10, 2025 up to maximum April 15, 2025. The charter commenced on May 14.

Earlier this month the shipowner made a time charter deal with Smart Gain Shipping, for one of its Capesize dry bulk vessels, “Santa Barbara” (built in 2015) for US$21,250 per day, minus a 5% commission paid to third parties, for approximately 18 months.

It has also fixed one of its Post-Panamax dry bulk vessels, Phaidra, with Aquavita International. The vessel was built in 2013 and the fixture is for US$12,250 per day, minus a 4.75% commission paid to third parties.

Diana Shipping’s fleet currently consists of 42 dry bulk vessels (4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10 Ultramax).

The combined carrying capacity of the company’s fleet is approximately 4.7 million deadweight with a weighted average age of 10.07 years.

Disclaimer for podcasts and articles

When you view, access or otherwise use our podcasts or articles, you acknowledge the application of this disclaimer:

Shipping Telegraph ApS provides no warranty, guarantee or representation as to the accuracy or sufficiency of the information featured in our podcasts or articles. The information, opinions, recommendations, content, etc. presented in our podcasts or articles are for information purposes only and do not constitute or replace professional advice. Any reliance you may place on the information provided in our podcast or articles is strictly at your own risk.

Unless it is specifically stated, Shipping Telegraph ApS does not approve, recommend or certify any product, process, service, organization, etc. presented or mentioned in our podcasts or articles. Any third-party materials, advertisements or content of any third-party referenced in our podcasts or articles do not necessarily reflect the opinions, standard or policies of Shipping Telegraph ApS, and Shipping Telegraph ApS cannot be held accountable hereof. Shipping Telegraph ApS is not responsible or liable for the accuracy, completeness or compliance with applicable laws of any third-party material, advertisements and content.

Shipping Telegraph ApS shall not be responsible for any errors or omissions contained in the podcasts, the articles or the website used to gain access hereto and reserves the right to make changes without notice. Shipping Telegraph ApS makes no warranty that our podcasts or articles, or the server making them available, are free of viruses, worms, etc.

Shipping Telegraph ApS expressly disclaims any and all liability or responsibility for any direct, indirect, punitive, incidental, consequential or other damages or other claims arising out of or in connection with any individual's and business entity's use of, reference to, reliance on our podcasts or articles or the information presented herein. By ticking the box, I agree with the disclaimer above.