Diana Shipping Inc.
DSX, (the "Company"), a global shipping company specializing in the
ownership of dry bulk vessels, today announced that, through a separate
wholly-owned subsidiary, it has entered into a time charter contract with K
Noble Hong Kong Ltd., Hong Kong, for one of its Capesize dry bulk vessels, the
m/v Salt Lake City, for a period of minimum twenty-one (21) months to maximum
twenty-four (24) months.
The daily gross charter rate will be 3.5% above the BCI average of the four
pre-determined time charter routes as published by the Baltic Exchange minus a
5% commission paid to third parties. The initial charter payment will be made
on delivery of the vessel to the charterers based on the average of the four
pre-determined time charter routes for the 15 days preceding the vessel's
delivery date. At the end of the time charter period, there will be a final
settlement to reflect the average daily rate of the four pre-determined time
charter routes for the actual duration of the charter. The charter is expected
to commence during January 2015.
The "Salt Lake City" is a 171,810 dwt Capesize dry bulk vessel built in 2005.
Diana Shipping Inc.'s fleet currently consists of 39 dry bulk vessels (2
Newcastlemax, 11 Capesize, 3 Post-Panamax, 3 Kamsarmax and 20 Panamax). The
Company also expects to take delivery of two new-building Newcastlemax dry
bulk vessels and one new-building Kamsarmax dry bulk vessel during the second
quarter of 2016. As of today, the combined carrying capacity of our fleet,
excluding the three vessels not yet delivered, is approximately 4.4 million
dwt with a weighted average age of 6.98 years. A table describing the current
Diana Shipping Inc. fleet can be found on the Company's website,
www.dianashippinginc.com. Information contained on the Company's website does
not constitute a part of this press release.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
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!
Already a member?Sign in