Diana Shipping announces charter contract with Koch

 Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into  a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Aliki.

The gross charter rate is US$11,300 per day, minus a 5 percent commission paid to third parties, for a period until minimum 1 January, 2021 up to maximum 15 March, 2021. The charter commenced on 23 April, 2020.


The contract is expected  to generate approximately US$2.81 million of gross revenue for the minimum scheduled period of the time charter.


Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax and 14 Panamax). 


Currently, the combined carrying capacity of the company’s fleet is approximately 5.1 million dwt with a weighted average age of 9.61 years. 

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