New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Japanese shipowner Nippon Yusen Kaisha (NYK) for one of its vessels.
NYK chartered the 2012-built, 206,040 dwt newcastlemax bulker
Philadelphia for a gross charter rate of $22,500, minus a 5% commission paid to third parties, for a period until a minimum of April 20, 2025, up to a maximum of July 20, 2025.
The company said that the charter was expected to begin on February 5, 2024. The employment of the Philadelphia is anticipated to generate around $9.79m of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the recently announced sale of the Artemis panamax, the fleet of the Semiramis Paliou-led company will consist of 39 dry bulk vessels four newcastlemax, nine capesize, five post-panamax, six kamsarmax, six panamax, and nine ultramax.
As of today, the combined carrying capacity of the company’s fleet including the Artemis, is around 4.5m dwt with a weighted average age of 10.62 years.