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 Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Melia.
The gross charter rate is US$10,000 per day, plus US$500,000 gross ballast bonus, minus a 5% commission paid to third parties, for a period of about eight (8) months to maximum ten (10) months.
The charter is expected to commence on August 20, 2020.
The “Melia” is a 76,225 dwt Panamax dry bulk vessel built in 2005.
This employment is anticipated to generate approximately US$2.75 million of gross revenue for the minimum scheduled period of the time charter.