Tuesday, November 10, 2009

Diana Shipping Take Delivery Of New Capesize for Charter

Bulk Carrier Already on Contract
Shipping News Feature

GREECE / CHINA – Greek-based shipping line Diana Shipping Inc. has announced today that the company has taken delivery of the newly-built MV Houston, a 177,729 dwt Capesize dry bulk carrier which has been built jointly by Shanghai Jiangnan-Changxing Shipbuilding Co. Ltd. and Shanghai Waigaoqiao Shipbuilding Co. Ltd.

Diana Shipping, who specialise in transporting dry bulk cargoes had previously announced that the Houston is to be chartered by the Shagang Shipping Co., a subsidiary of the Jiangsu Shagang Shipping Group Co.

The charter contract is to run for a minimum of 59 months to a maximum 62 month period at a gross rate of US$55,000 per day, with the charter already commencing on the 3rd of November, 2009.

The projected gross revenue for the minimum charter period is expected to be approximately US$97 million.

(pic: The Houston. Thanks to Diana Shipping)