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 Houston. The gross charter rate is US$10,125 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen months to about seventeen months. The charter commenced on February 17, 2019.
The “Houston” is a 177,729 dwt Capesize dry bulk vessel built in 2009.
This employment is anticipated to generate approximately US$4.25 million of gross revenue for the minimum scheduled period of the time charter.