Dry bulk owner Diana Shipping has won a new charter contract for one of its capesizes, while also extending charters for two panamax vessels.
The Greek company has entered into a time charter contract with DHL Project & Chartering in Hong Kong for 2010-built capesize New York. The charter is for a period of 16-19 months at a rate of $16,000 per day. The charter commences mid-January after the vessel comes off charter to Koch Shipping.
Diana has also sealed charter extensions with Phaethon International Company for 2004-built Erato and 2001-built Danae. Erato has been extended for a period of 14-17 months at $10,500 per day, a handy increase from the $7,250 per day currently being paid for the ship. Danae has been given a 13-16 month charter extension at $10,000 per day, up from $7,750.
According to Diana, the three contracts are expected to generate around $15.99m revenue based on the minimum time charter periods.