Diana Shipping announces time charter contract with Cobelfret S.A.

April 18 2023 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 entered into a time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Electra.

The gross charter rate is US$14,500 per day, minus a 5% commission paid to third parties, for a period until minimum June 1, 2024 up to maximum August 1, 2024. The charter is expected to commence tomorrow.

The “Electra” is a 87,150 dwt Post-Panamax dry bulk vessel built in 2013.

The employment of “Electra” is anticipated to generate approximately US$5.93 million of gross revenue for the minimum scheduled period of the time charter.