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 ST Shipping and Transport Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Selina.
The gross charter rate is US$11,000 per day, minus a 5% commission paid to third parties, for a period of minimum twelve months to maximum fourteen months.
The charter commenced on July 5, 2020. The m/v Selina was previously chartered to Cargill International S.A., Geneva, at a gross charter rate of US$4,750 per day, minus a 4.75% commission paid to third parties.
The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.
This employment is anticipated to generate approximately US$3.96 million of gross revenue for the minimum scheduled period of the time charter.