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 Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Newport News.
The gross charter rate is US$18,400 per day, minus a 5% commission paid to third parties, for a period until minimum 16 October 2021 up to maximum 30 December 2021. The charter is expected to commence later today.
The m/v Newport News is currently chartered, as previously announced, to SwissMarine Services S.A., Geneva, at a gross charter rate of US$16,500 per day, minus a 5% commission paid to third parties.
The “Newport News” is a 208,021 dwt Newcastlemax dry bulk vessel built in 2017.
This employment is anticipated to generate approximately US$7.3 million of gross revenue for the minimum scheduled period of the time charter.