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Diana Shipping announces time charter contract with Ming Wah
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 Ming Wah International Shipping Company Limited, for one of its Kamsarmax dry bulk vessels, the m/v Leonidas P. C.
The gross charter rate is US$17,000, minus a 5% commission paid to third parties, for a period until minimum August 20, 2025 up to maximum October 20, 2025. The charter is expected to commence on February 21, 2024.
The “Leonidas P. C.” is a 82,165 dwt Kamsarmax dry bulk vessel built in 2011.
The employment of “Leonidas P. C.” is anticipated to generate approximately US$9.18 million of gross revenue for the minimum scheduled period of the time charter.