Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Newport News.
The gross charter rate is US$28,000 per day, minus a 5% commission paid to third parties, for a period until minimum July 1, 2023 up to maximum September 30, 2023.
The new charter period is expected to commence on December 16, 2021. The m/v Newport News is currently chartered, as previously announced, at a gross charter rate of US$18,400 per day, minus a 5% commission paid to third parties.
The “Newport News” is a 208,021 dwt Newcastlemax dry bulk vessel built in 2017.
The employment of “Newport News” is anticipated to generate approximately US$15.57 million of gross revenue for the minimum scheduled period of the time charter.