Diana Shipping Secures Lucrative Time Charter Extension for Post-Panamax Vessel
Boosting Revenue with Extended Charter Period
Diana Shipping, a leading dry bulk vessel operator, has announced a significant extension to its time charter contract with Cobelfret S.A., Luxembourg, for its Post-Panamax dry bulk vessel, the m/v Amphitrite. This move is expected to generate substantial revenue for the company.
Key Terms of the Charter Extension
The gross charter rate for the first 50 days of the charter period has been set at $8,750 per day, while the balance period will command a rate of $12,100 per day. A 5.00% commission will be paid to third parties. The charter period is scheduled to commence on December 31, 2024, and will run until at least January 1, 2026, with a maximum end date of March 15, 2026.
Vessel Details
The m/v Amphitrite is a 98,697 dwt Post-Panamax dry bulk vessel built in 2012. This extension marks a significant milestone for the vessel, which is expected to generate approximately $4.22 million in gross revenue for the minimum scheduled period of the time charter.
A Strategic Move for Diana Shipping
This charter extension demonstrates Diana Shipping’s commitment to maximizing revenue opportunities for its fleet. With a strong track record of securing lucrative charter contracts, the company is well-positioned to capitalize on market trends and drive growth.
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