Diana Shipping Announces Time Charter Contract for M/V Ismene

Source: www.gulfoilandgas.com 2/26/2021, Location: Europe

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 Tongli Shipping Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$16,500 per day, minus a 5% commission paid to third parties, for a period until minimum October 15, 2021 up to maximum December 15, 2021. The charter is expected to commence on March 7, 2021. The m/v Ismene was chartered, as previously announced, to Phaethon International Company AG, at a gross charter rate of US$10,800 per day, minus a 5% commission paid to third parties.

The “Ismene” is a 77,901 dwt Panamax dry bulk vessel built in 2013.

The employment of “Ismene” is anticipated to generate approximately US$3.60 million of gross revenue for the minimum scheduled period of the time charter.


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