Diana Shipping doubles charter rate for dry bulker

Diana Shipping has entered into a time charter contract with Koch Shipping for its Capesize dry bulk vessel Seattle.

The gross charter rate is US$24,000 per day for a period of four to six months.

This is double the vessel’s previous gross charter rate of US$11,700 per day.

Seattle is a 179,362DWT Capesize dry bulk vessel built in 2011.

This employment is anticipated to generate approximately US$2.88 million of gross revenue for the minimum scheduled period of the time charter.

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