Wednesday, March 24, 2010

Diana Shipping Announces Fresh Charter Contract

M/V Coronis Chartered for Two Years By Siba
Shipping News Feature

GREECE – Bulk shipping company Diana Shipping has entered into a time charter contract with Siba Ships Asia, the Singapore arm of Italy’s Siba Ship Group, for one of its Panamax dry bulk carriers, the 74,381 dwt m/v Coronis.

The contract runs at a gross charter rate of US$24,000 per day for a  two year period and is expected to commence at the beginning of April 2010.

The deal  is expected to generate approximately US$16.6 million of gross revenue for Diana if the minimum scheduled period of twenty three months is applied to the charter.

(pic: The Coronis launching in 2006)