Diana fixes a capesize and a panamax, extends another cape timecharter

Diana fixes a capesize and a panamax, extends another cape timecharter

Diana Shipping expects two new timecharters and one extension to generate an aggregate of $6.14m of gross revenue for the NYSE-listed company, based on the contracts’ miminum scheduled periods.

Its capesize New York (177,773 dwt, built 2010) has been fixed to Singapore-based Rio Tinto Shipping (Asia) on an 11- to 15-month timecharter at a gross rate of $5,200 per day, minus 5% commission.

The cape was fixed to Clearlake in December 2014 at a gross rate of $12,850 daily (less 4.75% commission) and has been redelivered two weeks earlier than the minimum scheduled period of the contract, for which the Gunvor subsidiary has agreed to compensate Diana.

Diana’s panamax bulker Dione (75,172 dwt, built 2001) has been fixed for 12 to 15 months to Italy’s Nidera. The ship was fixed at $4,350 per day (minus 5% commission) on the contract, which commenced yesterday after a scheduled drydocking.

Previously, Dione had been earning $9,250 (minus 5% commission) on a charter with Germany’s RWE Supply & Trading, fixed in September 2014.

Finally, RWE Supply & Trading has extended its existing timecharter of the capesize G. P. Zafirakis (179,492 dwt, built 2014) by a further 15 to 18 months at a gross rate of $6,500 per day, minus 5% commission, commencing February 14.

Again, the vessel was earning more during its previous contract but such is the market. G. P. Zafirakis has been earning $25,250 daily since August 23, 2014, minus the usual 5% commission.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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