Diana Shipping took delivery of an Ultramax bulk carrier

April 12 2023 Print This Article

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v DSI Drammen (formerly “Nord Potomac”), a 2016 built Ultramax dry bulk vessel of 63,379 dwt that the Company entered into an agreement to purchase in February 2023.

The Company also announced that, through the same wholly-owned subsidiary, it entered into a time charter contract with IMC Shipping Co. Pte. Ltd., at a gross charter rate of US$18,250 per day, minus a 5% commission paid to third parties, for a period until minimum April 10, 2024 up to maximum June 10, 2024. The charter is expected to commence on April 15, 2023.

The employment of “DSI Drammen” is anticipated to generate approximately US$6.5 million of gross revenue for the minimum scheduled period of the time charter.