Diana Shipping charters out ice-class panamax to Louis Dreyfus
Source: Splash247
New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Louis Dreyfus Company Freight for one of its ice-class panamax bulkers.
Louis Dreyfus hired the 2014-built, 77,525 dwt bulker
Crystalia. The gross charter rate is $13,900, minus a 5% commission paid to third parties, for a period of a minimum of 21 months to a maximum of 25 months. The charter is expected to commence during the second quarter of 2024. The employment of the vessel is anticipated to generate approximately $8.76m of gross revenue for the minimum scheduled period of the time charter.
The previous deal for the vessel was an extension from Reachy Shipping. The new charter started on September 6 last year and was agreed to last until a minimum of February 20, 2024, up to a maximum of April 20, 2024.
Upon completion of the previously announced sales of the Houston and the Artemis, Diana Shipping fleet will consist of 38 dry bulk vessels – four newcastlemax, eight capesize, five post-panamax, six kamsarmax, six panamax, and nine ultramax.
The company also expects to take delivery of two methanol dual fuel kamsarmax bulker newbuilds by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the company’s fleet including the Houston and the Artemis – excluding the two vessels not yet delivered – is around 4.5m dwt with a weighted average age of 10.69 years.
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