New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with ASL Bulk Shipping for one of its panamax dry bulk vessels.
ASL Bulk Shipping hired the 2010-built, 81,297 dwt bulker Leto. The gross charter rate is $16,500 per day, minus a 5% commission paid to third parties, for a period until a minimum of March 1, 2025, up to a maximum of April 30, 2025.
The charter is expected to begin on May 2, 2024. The employment of the bulker is anticipated to generate approximately $4.75m of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of the Houston, Diana Shipping’s fleet will consist of 38 dry bulk vessels – four newcastlemaxes, eight capesizes, five post-panamaxes, six kamsarmaxes, six panamaxes, and nine ultramaxes.
The company also expects to take delivery of two methanol dual fuel new-building kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively.
Currently, the combined carrying capacity of the fleet including the Houston and excluding the two vessels not yet delivered, is approximately 4.4m dwt with a weighted average age of 10.74 years.
Just last week, the Greek firm found work for one of its ultramax dry bulk vessels, the 60,456 dwt bulker DSI Phoenix, with Bulk Trading.
