Diana Shipping announces time charter contract with Uniper

September 08 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 Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia.

The gross charter rate is US$26,100 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 is expected to commence on September 19, 2021. The m/v Crystalia is currently chartered, as previously announced, to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of US$ 8,750 per day, minus a 5% commission paid to third parties.

The “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014.

The employment of “Crystalia” is anticipated to generate approximately US$9.71 million of gross revenue for the minimum scheduled period of the time charter.