Time charter agreement with Glencore
Diana Shipping announced that, through a separate wholly-owned subsidiary, it took delivery of the newly built m/v “Atalandi”, an Ice Class Panamax dry bulk vessel of 77,529 dwt that was contracted in March 2012.
The Company also announced that, through the aforementioned subsidiary, it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for the newly delivered “Atalandi” at a gross charter rate of US$13,500 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The charter is expected to commence tomorrow.
In addition, the Company also announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Rio Tinto Shipping Pty, Ltd., Melbourne, for one of its Panamax dry bulk vessels, the m/v “Melia”. The gross charter rate is US$12,000 per day, minus a 3.75% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The charter commenced on May 10, 2014.
The “Melia” is a 76,225 dwt Panamax dry bulk vessel built in 2005.
The employments of “Atalandi” and “Melia” are anticipated to generate a total of approximately US$8.4 million of gross revenue for the minimum scheduled period of the charters.
Including the newly delivered m/v “Atalandi”, Diana Shipping Inc.’s fleet currently consists of 38 dry bulk vessels (2 Newcastlemax, 10 Capesize, 3 Post-Panamax, 3 Kamsarmax and 20 Panamax). The Company also expects to take delivery of 2 new-building Newcastlemax dry bulk vessels and one Kamsarmax dry bulk vessel during the second quarter of 2016.
Source: Diana Shipping