Dry Bulk Freight Shipping Line Both Spends and Earns This Month

GREECE – FRANCE – WORLDWIDE – Specialist dry bulk freight operator Diana Shipping Inc. successfully bid for the 2009-built Kamsarmax carrier m/v Valeria Della Gatta (to be renamed Maia) which it purchased through one of its separate wholly-owned subsidiary companies at a recent French auction. The vessel cost €14,755 million and is a 82,193 dwt, dry bulk carrier originally built by Tsuneishi Shipbuilding Co. Ltd., Japan.

Diana took the opportunity to also announce two new contracts, one for its 2010 vintage 93,193 dwt Post-Panamax dry bulk vessel Alcmene (pictured) to commence on the 23rd of this month and which has achieved a gross charter rate of US$7,250 per day (less 5% commission) for one and a half to two years from ADM International Sarl, Rolle, Switzerland, and the other for a second dry bulk Panamax carrier the 75,106 dwt Danae, constructed in 2001.

The deal is with Intermare Transport GmbH, Hamburg at a gross charter rate of US$8,250 per day (less 5%) for 18 to 22 months from early March, meaning the two charters are anticipated to generate a total of around $8.26 million gross revenue for the minimum periods agreed. Both deals were completed via separate wholly owned subsidiary companies.

This is another deal between Intermare and Diana as in January a similar charter for the Panamax carrier Nirefs was struck between them whilst the company also achieved a rate of $9,000 (less commission) for its Kamsarmax ship the Myrto from Cargill International.