Diana Shipping Announces Time Charter Contract for m/v G. P. Zafirakis with Solebay
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis. The gross charter rate is US$17,000 per day, minus a 5% commission paid to third parties, for a period until minimum June 15, 2024 up to maximum August 15, 2024. The charter is expected to commence on January 10, 2023.
The “G. P. Zafirakis” is a 179,492 dwt Capesize dry bulk vessel built in 2014.
The employment of “G. P. Zafirakis” is anticipated to generate approximately US$8.76 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 42 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8 Panamax and 8 Ultramax). The Company also expects to take delivery of 1 Ultramax dry bulk vessel by the end of January of 2023. As of today, the combined carrying capacity of the Company’s fleet, excluding the 1 Ultramax dry bulk vessel not yet delivered, is approximately 4.9 million dwt with a weighted average age of 10.23 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute a part of this press release.
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