Diana Shipping Inc. announces direct continuation of time charter contract for m/v Selina with BG Shipping
Tuesday, Feb 06, 2018
Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with BG Shipping Co., Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$12,250 per day, minus a 5% commission paid to third parties, for a period of minimum sixteen (16) months to maximum nineteen (19) months. The new charter period is expected to commence tomorrow. The m/v Selina is currently chartered, as previously announced, at a gross charter rate of US$7,100 per day, minus a 5% commission paid to third parties.
 
The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.
 
The employment extension of “Selina” is anticipated to generate approximately US$5.88 million of gross revenue for the minimum scheduled period of the time charter extension.
 
Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.46 years. 

For more information, please visit: http://www.dianashippinginc.com

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