Diana Shipping Announces Time Charter Contract for M/V Melia With Rio Tinto

Diana Shipping Inc. DSX, a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with Rio Tinto Shipping Pty, Ltd., Melbourne, Australia, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Melia. The gross charter rate is US$9,700 per day, minus a 3.75% commission paid to third parties, for a period of about eleven (11) months to maximum thirteen (13) months. The charter is expected to commence on April 16, 2013. The Melia is a 76,225 dwt Panamax dry bulk vessel built in 2005. This employment is anticipated to generate approximately US$3.05 million of gross revenue for the minimum scheduled period of the charter.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsContracts
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!