Timecharter extended on Diana kamsarmax at a reduced rate

Timecharter extended on Diana kamsarmax at a reduced rate

Germany’s RWE Supply & Trading has extended its current timecharter of Diana Shipping’s kamsarmax bulk carrier Maia for a further 17 to 20 months, commencing November 11.

The extension period was fixed at a gross charter rate of $7,500 per day, minus 5% commission. This is a 37.5% reduction on the $12,000 gross daily rate RWE has been paying since the vessel began its current charter on September 29, 2014.

NYSE-listed Diana says it expects the extension deal to generate approximately $3.8m of gross revenue for the minimum 17-month period of charter.

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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