Greece´s Diana Shipping has extended the time charter contract with Reachy Shipping (SGP), for one of its Ice Class Panamax dry bulk vessels, the 77,525 dwt Crystalia, built in 2014.

The company said the gross charter rate is $11,250 per day, minus a 5% commission paid to third parties.

The new charter period started on September 6, and will last until a minimum of February 20, 2024, up to a maximum of April 20, 2024.

The employment of the ship Crystalia is anticipated to generate around $1.85m of gross revenue for the minimum scheduled period of the time charter.

The initial deal for the Crystalia with Reachy Shipping was arranged back in November 2022.

The contract was supposed to end between September 1, 2023, and October 15, 2023.

It’s worth mentioning that Diana Shipping’s fleet currently consists of 41 dry bulk vessels – four newcastlemax, ten capesize, five post-panamax, six kamsarmax, seven panamax and nine ultramax.

The combined carrying capacity of Diana´s fleet is approximately 4.7 million dwt with a weighted average age of 10.42 years.