Diana Shipping Inc. Announces Time Charter Contract for m/v Calipso With Viterra
Diana Shipping Inc., 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 Viterra Chartering B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Calipso. The gross charter rate is US$10,400 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2021 up to maximum December 15, 2021. The charter is expected to commence tomorrow. The m/v Calipso was chartered, as previously announced, to Uniper Global Commodities SE, Düsseldorf, at a gross charter rate of US$8,250 per day, minus a 5% commission paid to third parties.
The “Calipso” is a 73,691 dwt Panamax dry bulk vessel built in 2005.
The employment of “Calipso” is anticipated to generate approximately US$2.59 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of one Panamax dry bulk vessel, the m/v Oceanis, Diana Shipping Inc.’s fleet will consist of 37 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 11 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Oceanis, is approximately 4.8 million dwt with a weighted average age of 10.08 years.
Diana Shipping Inc. Announces Time Charter Contract for m/v Calipso With Uniper
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Panamax dry bulk vessels, the m/v Calipso, for a period until minimum October 15, 2020 up to maximum December 31, 2020. The gross charter rate is US$4,750 per day for the first forty-five (45) days of the charter period and US$8,250 per day for the balance of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced on April 13, 2020.
The “Calipso” is a 73,691 dwt Panamax dry bulk vessel built in 2005.
This employment is anticipated to generate approximately US$1.34 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax and 14 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.1 million dwt with a weighted average age of 9.58 years.
Diana Shipping Inc. Announces Cancellation of the Sale of a Panamax Dry Bulk Vessel, the m/v Calipso
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that it has received a notice of cancellation of the Memorandum of Agreement (the “Contract”), between a separate wholly-owned subsidiary and an unaffiliated third party, to sell the 2005-built Panamax vessel “Calipso”, as previously announced.
The buyers elected to exercise their right to cancel the Contract as a result of vessel’s missing the cancelling date stipulated therein, due to unforeseen events, unrelated to the condition of the vessel, and have requested the refund of the deposit of the purchase price held in joint escrow account by the deposit holder. The Company has taken steps to release the deposit to the buyers.
Upon completion of the previously announced sale of one Capesize dry bulk vessel, the m/v Norfolk, Diana Shipping Inc.’s fleet will consist of 41 dry bulk vessels (4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax and 14 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Norfolk, is approximately 5.2 million dwt with a weighted average age of 9.66 years.