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Diana Shipping enters time charter contract with Koch
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 Capesize dry bulk vessels, the m/v G. P. Zafirakis.
The gross charter rate is US$13,200 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2021 up to maximum December 31, 2021. The charter commenced on May 31, 2020.
The “G. P. Zafirakis” is a 179,492 dwt Capesize dry bulk vessel built in 2014.
This employment is anticipated to generate approximately US$6.34 million of gross revenue for the minimum scheduled period of the time charter.