Diana Shipping announces time charter contract with Ming Wah

February 12 2024 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 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.