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Fly News Breaks for December 9, 2016
DSX
Dec 9, 2016 | 09:26 EDT
Diana Shipping 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 Newcastlemax dry bulk vessels, "Hull No. H2548," to be named "San Francisco," which is currently under construction. The gross charter rate is $11,750 per day, minus a 5% commission paid to third parties, for a period of minimum twelve months to about sixteen months. The charter is expected to commence on January 6, 2017. This employment is anticipated to generate approximately $4.23M of gross revenue for the minimum scheduled period of the time charter.
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