13NOV2018 - NEWS - Diana Shipping Inc. announces direct continuation of time charter contract for m/v Oceanis with Ausca and a New Time Charter Contract for m/v Clio with Ausca

Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Oceanis. The gross charter rate is US$10,350 per day, minus a 5% commission paid to third parties, for a period until minimum January 1, 2020 up to maximum March 31, 2020. The new charter period is expected to commence on November 16, 2018. The m/v Oceanis is currently chartered, as previously announced, at a gross charter rate of US$7,000 per day, minus a 5% commission paid to third parties.
The “Oceanis” is a 75,211 dwt Panamax dry bulk vessel built in 2001.
Additionally, the Company announced that, through a separate wholly-owned subsidiary,  it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Pamanax dry bulk vessels, the m/v Clio. The gross charter rate is US$10,600 per day, minus a 5% commission paid to third parties, for a period of minimum ten (10) months to maximum thirteen (13) months. The charter commenced on November 10, 2018. The m/v Clio was chartered, as previously announced, to Phaethon International Company AG, at a gross charter rate of US$8,550 per day, minus a 5% commission paid to third parties.
The “Clio” is a 73,691 dwt Panamax dry bulk vessel built in 2005.
The employment extension of “Oceanis” as well as the employment of “Clio” are anticipated to generate approximately US$7.37 million of gross revenue for the minimum scheduled period of the time charters.

Published by Editor - www.Livebunkers.com at 13-Nov-2018 05:48:40 [UTC] , contact editor at editor@livebunkers.com