Greek bulker owner Diana Shipping has extended the time charter contract with Reachy Shipping for one of its ice-class panamaxes.
Diana Shipping said that it won an extension for the 2014-built bulker Crystalia. The gross charter rate for the 77,525-dwt vessel is $11,250 per day, minus a 5% commission paid to third parties.
. The gross charter rate for the 77,525-dwt vessel is $11,250 per day, minus a 5% commission paid to third parties.The company added that the new charter started on September 6 and will last until a minimum of February 20, 2024, up to a maximum of April 20, 2024.
This new extension is anticipated to generate around $1.85m of gross revenue for the minimum scheduled period of the time charter.
The initial deal for the Crystalia with Reachy Shipping was arranged back in November 2022. The contract was supposed to end between September 1, 2023, and October 15, 2023. The agreed charter rate was $12,500 per day.
Diana Shipping’s fleet currently consists of 41 dry bulk vessels – four newcastlemax, ten capesize, five post-panamax, six kamsarmax, seven panamax, and nine ultramax.
As of today, the combined carrying capacity of the company’s fleet is approximately 4.7m dwt with a weighted average age of 10.42 years.
