Diana Shipping announces continuation of time charter contract

December 13 2022 Print This Article

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 extended the time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene.

The gross charter rate is US$13,000 per day, minus a 5% commission paid to third parties, for a period until minimum January 10, 2024 up to maximum March 25, 2024. The new charter period is expected to commence on December 27, 2022.

The “Alcmene” is a 93,193 dwt Post-Panamax dry bulk vessel built in 2010.

The employment of “Alcmene” is anticipated to generate approximately US$4.86 million of gross revenue for the minimum scheduled period of the time charter.