Diana Shipping Announces Time Charter Contracts for m/v Newport News with NYK Line and m/v Ismene with Paralos Shipping
ATHENS, GREECE – Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Newcastlemax dry bulk vessels, the m/v Newport News. The gross charter rate is US$20,000 per day, minus a 5% commission paid to third parties, for a period until minimum March 10, 2025 up to maximum June 10, 2025. The charter is expected to commence during the second half of September 2023.
The “Newport News” is a 208,021 dwt Newcastlemax dry bulk vessel built in 2017.
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Paralos Shipping Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$12,650 per day, minus a 5% commission paid to third parties, for a period until minimum April 15, 2025 up to maximum June 30, 2025. The charter is expected to commence on September 14, 2023.
The “Ismene” is a 77,901 dwt Panamax dry bulk vessel built in 2013.
The employments of “Newport News” and “Ismene” are anticipated to generate approximately US$17.80 million of gross revenue for the minimum scheduled period of the time charters.
Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels: 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax. As of today, the combined carrying capacity of the Company’s fleet is approximately 4.7 million dwt with a weighted average age of 10.44 years.