New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Raffles Shipping International for one of its panamax vessels.
Raffles Shipping hired the 2010-built, 75,700 dwt bulker Selina. The gross charter rate is $10,500 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 20, 2025.
The charter is expected to begin today. The employment of the bulker is anticipated to generate approximately $1.39m of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping’s fleet consists 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 excluding the two vessels not yet delivered, is approximately 4.2m dwt with a weighted average age of 11.04 years.