M/V Dione, image: Diana Shipping
ATHENS, GREECE – International dry bulk shipping company, Diana Shipping Inc. (NYSE: DSX), announced today that it has entered into a time charter contract with London-based EDF Trading Limited, through a separate wholly-owned subsidiary, for one of their Panamax dry bulk carriers, the M/V Dione.
Under the deal, EDF will charter the 2001-built 72,172 dwt Dione at a daily rate of $9,700 per day for no less than 24 months, and possibly up to 29 months, which is anticipated to generate approximately US$6.98 million in revenues for Diana Shipping.
Diana Shipping Inc.’s fleet currently consists of 28 dry bulk carriers – made up of 17 Panamax, 1 Post-Panamax, 8 Capesize and 2 Newcastlemax – as well as 2 new-building Ice Class dry bulk Panamax vessels with scheduled delivery in the fourth quarter of 2013. Excluding the two vessels under construction, Diana Shipping’s fleet has a total capacity of approximately 3.2 million dwt with a weighted average age of 5.9 years.
Diana Shipping says the deal with EDF is expected to commence in mid-July.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
What (Acting) Secretary Hung Cao’s First Five Months Tell Us About the Job Ahead By Bruce Kimbrell (Policy Op-Ed) President Trump has nominated the Honorable Hung Cao to become the...
Diana Shipping has begun selling down its stake in Genco Shipping & Trading, dropping below the 10% ownership threshold just weeks after abandoning its contentious effort to acquire the U.S.-listed...
Baltic grain exporters are seeing a boost in demand as blocked supplies from the Black Sea region are spurring buyers to seek alternative sources.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
