New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Bulk Trading for one of its ultramax dry bulk vessels.
Bulk Trading hired the 2017-built, 60,456 dwt bulker DSI Phoenix. The gross charter rate is $16,500 per day, minus a 5% commission paid to third parties, for a period until a minimum of August 1, 2025, up to a maximum of September 30, 2025.
The charter is expected to begin on May 8, 2024. The vessel is currently chartered to ASL Bulk Marine, at a gross charter rate of $13,250 per day.
The employment of the bulker is anticipated to generate approximately $7.33m 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 10.73 years.
This charter comes several days after Diana Shipping found work for the 179,134 dwt bulker P. S. Palios with Bohai Shipping.
