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Diana Shipping TC for m/v Arethusa with Glencore

Diana Shipping TC for m/v Arethusa with Glencore
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Arethusa.

The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$12,600 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to maximum 15 months. 
 
The charter is expected to commence on April 25, 2018. The m/v Arethusa is currently chartered, as previously announced, to Noble Resources International Pte. Ltd., Singapore, at a gross charter rate of US$7,200 per day, minus a 5% commission paid to third parties.
 
The “Arethusa” is a 73,593 dwt Panamax dry bulk vessel built in 2007.
 
This employment is anticipated to generate approximately US$4.54 million of gross revenue for the minimum scheduled period of the time charter.
 
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 8.66 years.

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