Diana Shipping enters time charter contract with Bocimar

May 09 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 Bocimar International N.V., for one of its Kamsarmax dry bulk vessels, the m/v Myrsini.

The gross charter rate is US$27,750 per day, minus a 5% commission paid to third parties, for a time charter period until minimum October 15, 2021 up to maximum November 30, 2021. The charter is expected to commence on May 10, 2021.

The m/v Myrsini is currently chartered, as previously announced, to Ausca Shipping Limited, Hong Kong, at a gross charter rate of US$11,500 per day, minus a 5% commission paid to third parties.

The “Myrsini” is a 82,117 dwt Kamsarmax dry bulk vessel built in 2010.

The employment of “Myrsini” is anticipated to generate approximately US$4.3 million of gross revenue for the minimum scheduled period of the time charter.