Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it took delivery of the newly built m/v "Atalandi", an Ice Class Panamax dry bulk vessel of 77,529 dwt that was contracted in March 2012.
The company also announced that, through the aforementioned subsidiary, it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for the newly delivered "Atalandi" at a gross charter rate of US$13,500 per day, minus a 5% commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The charter is expected to commence tomorrow.
In addition, the company also announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Rio Tinto Shipping Pty, Ltd., Melbourne, for one of its Panamax dry bulk vessels, the m/v "Melia". The gross charter rate is US$12,000 per day, minus a 3.75% commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The charter commenced on May 10, 2014.
The "Melia" is a 76,225 dwt Panamax dry bulk vessel built in 2005.
The employments of "Atalandi" and "Melia" are anticipated to generate a total of approximately US$8.4 million of gross revenue for the minimum scheduled period of the charters.
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