Greece-based Diana Shipping has sealed a time charter deal with SwissMarine, Singapore, for one of its Capesize dry bulk ships, the “New York.”

The “New York” is a 177,773 deadweight Capesize dry bulk vessel built in 2010. Diana Shipping says that the charter for this vessel is expected to commence on June 11, 2023.

The gross charter rate is US$16,000 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2024 up to maximum December 7, 2024.

The employment of “New York” is expected to generate US$7.54 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping’s fleet currently consists of 42 dry bulk vessels. Specifically it has in its portfolio 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10 Ultramax (including a partial interest through a joint venture arrangement in one Ultramax).

The combined carrying capacity of the company’s fleet is approximately 4.7 million dwt with a weighted average age of 10.13 years.