Diana Shipping Announces Time Charter Contract for m/v Semirio With C Transport

Source: www.gulfoilandgas.com 11/23/2021, Location: Europe

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$19,700 per day, minus a 5% commission paid to third parties, for a period until minimum August 15, 2023 up to maximum November 15, 2023. The charter is expected to commence on December 9, 2021. The m/v Semirio is currently chartered, as previously announced, to SwissMarine Pte Ltd., Singapore, at a gross charter rate of US$13,500 per day, minus a 5% commission paid to third parties.

The “Semirio” is a 174,261 dwt Capesize dry bulk vessel built in 2007.

The employment of “Semirio” is anticipated to generate approximately US$11.94 million of gross revenue for the minimum scheduled period of the time charter.


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