Diana Shipping announces time charter contract with ASL

September 21 2021 Print This Article

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 ASL Bulk Shipping HK Limited, for one of its Panamax dry bulk vessels, the m/v Maera.

The gross charter rate is US$26,000 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2022 up to maximum December 15, 2022. The charter commenced on September 18, 2021.

The m/v Maera was chartered, as previously announced, to Ausca Shipping Limited, Hong Kong, at a gross charter rate of US$8,600 per day, minus a 5% commission paid to third parties.  

The “Maera” is a 75,403 dwt Panamax dry bulk vessel built in 2013.

The employment of “Maera” is anticipated to generate approximately US$9.70 million of gross revenue for the minimum scheduled period of the time charter.