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Diana Shipping announces time charter contract with SwissMarine

Diana Shipping announces time charter contract with SwissMarine

Diana Shipping Inc., a global shipping corporation specializing in dry bulk vessel ownership, has entered into a time charter contract for one of its Capesize dry bulk vessels, the m/v Semirio, with SwissMarine Pte Ltd, Singapore.

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The gross charter rate is US$13,500 per day, minus a fee of 5% charged to third parties, for a period from October 5, 2021 until December 20, 2021 at the latest. It is expected that the charter will begin on January 1, 2021.

The "Semirio" was built in 2007 as a 174,261 dwt Capesize dry bulk vessel.

For the minimum projected duration of the time charter, this employment is expected to generate approximately US$3.7 million of gross revenue.

The m/v Sideris GS, Diana Shipping Inc.'s fleet will consist of 37 dry bulk vessels following completion of the previously announced sales of two Panamax dry bulk vessels, the m/v Coronis and the m/v Oceanis, and one Capesize dry bulk vessel. As of today, with a weighted average age of 10.22, the total carrying capacity of the company's fleet, including the m/v Coronis, the m/v Oceanis and the m/v Sideris GS, is approximately 5.0 million dwt.

Maritime Business World 

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