Diana Shipping announces time charter contract with Solebay

January 10 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 Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis.

The gross charter rate is US$17,000 per day, minus a 5% commission paid to third parties, for a period until minimum June 15, 2024 up to maximum August 15, 2024. The charter is expected to commence on January 10, 2023.

The “G. P. Zafirakis” is a 179,492 dwt Capesize dry bulk vessel built in 2014.

The employment of “G. P. Zafirakis” is anticipated to generate approximately US$8.76 million of gross revenue for the minimum scheduled period of the time charter.