Diana Shippings Capesize Scores Higher Rate

Diana Shipping Greek dry bulk owner Diana Shipping has entered into a time charter contract with Genevas SwissMarine Services for one of its Capesize dry bulk vessels. M/V Norfolk was hired at a gross charter rate of USD 13,250 per day, minus a 5% commission paid to third parties. The 164,218 dwt vessel will work for a period of minimum twenty-one to maximum twenty-four months. Diana Shipping expected the charter to commence on December 1, 2017. M/V Norfolk is currently chartered to Singapore-based Trafigura Maritime Logistics at a rate of USD 12,000 per day. This employment is anticipated to generate around USD 8.35 million of gross revenue for the minimum scheduled period of the time charter. Diana Shippings fleet currently consists of 50 dry bulk vessels, including 4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax ships.