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Diana Shipping enters time charter contracts with Oldendorff and Phaethon
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 Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, for one of its Post-Panamax dry bulk vessels, the m/v Electra.
The gross charter rate is US$10,250 per day, minus a 5% commission paid to third parties, for a period of minimum eleven months to maximum thirteen months.
The “Electra” is a 87,150 dwt Post-Panamax dry bulk vessel built in 2013.