The Greece headquartered and New York-listed drybulk shipowner Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for the Post-Panamax dry bulk vessel m/v “Electra”.
The gross charter rate is US$14,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum 15th October 2025 up to maximum 31st December 31 2025 with the charter is expected to commence yesterday the 3rd June 2024.
The “Electra” is a 81,150 dwt Post-Panamax dry bulk vessel built in 2013.
The employment of “Electra” is anticipated to generate approximately US$6.89 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of m/v Houston, Diana Shipping Inc.’s fleet will consist of 38 dry bulk vessels: 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax. The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet including the m/v Houston and excluding the two vessels not yet delivered, is approximately 4.4 million dwt with a weighted average age of 10.83 years.
Source: Diana Shipping Inc.
