Diana Shipping Finds Work for Two Bulkers

Athens-based dry bulk shipping firm Diana Shipping has entered into time charter agreements for two of its bulkers, the M/V Philadelphia and the M/V Calipso.

Under the contract signed with Singapore’s Koch Shipping, the company’s 2012-built Newcastlemax Philadelphia will be chartered out for a period of minimum ten to about thirteen months.

The 206,040 dwt bulker secured a gross charter rate of USD 15,500 per day.

Diana Shipping secured the second charter deal from Rotterdam-based Transgrain Shipping for its 2005-built Panamax Calipso.

The 73,691 dwt ship will be employed under a gross charter rate of USD 9,000 per day for a period of eleven to fourteen months.

Diana Shipping said that both charter deals, which are scheduled to commence on March 14, 2017, are anticipated to generate around USD 7.49 million of gross revenue for the minimum scheduled period of the time charters.