M/V Boston. Photo: Diana Shipping Inc.

Diana Shipping Time Charters Capesize Bulker

By Aiswarya Lakshmi!!!

Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with EGPN Bulk Carrier, Hong Kong, for one of its Capesize dry bulk vessels, M/V Boston.

The gross charter rate is $17,000 per day, minus a 5 percent commission paid to third parties, for a period of minimum 16 months to maximum 19 months. The charter commenced yesterday.
The m/v Boston was chartered, as previously announced, to Clearlake Shipping Pte. Ltd., Singapore, at a gross charter rate of $13,000 per day, minus a 4.75 percent commission paid to third parties, for the agreed period of the time charter.
Boston is a 177,828 dwt Capesize dry bulk vessel built in 2007.
This employment is anticipated to generate approximately US$8.16 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.'s fleet currently consists of 50 dry bulk vessels (four Newcastlemax, 14 Capesize, five Post-Panamax, five Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company's fleet is approximately 5.8 million dwt with a weighted average age of 8.29 years.

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