Diana Shipping fixes out cape to K Line

Greek bulk carrier owner Diana Shipping has entered into a time charter contract with Japanese shipping company Kawasaki Kisen Kaisha (K Line) for a capesize bulk carrier.

According to the contract, K Line will charter the bulk carrier “New Orleans”, which was built in 2015 and has a deadweight of 180,960 tons. The charter rate is US$20,000 per day, less a 5% commission paid to a third party. The charter is expected to commence on December 7, 2023. The minimum term of the charter is August 15, 2025 and the maximum term is October 31, 2025. The vessel is expected to generate gross revenues of around $12.16 million over the shortest term of the time charter contract.

Following the completion of the previously announced sale of the 2007-built Boston, Diana Shipping’s fleet will consist of 40 dry bulk carriers, including four Newcastle, nine Capesize, five Post-Panamax, six Kamsarmax, seven Panamax and nine Supramax.

So far, the total capacity of the company’s fleet, including the Boston, is approximately 4.7 million deadweight tons, with a weighted average age of 10.58 years.

Yangzijiang Shipbuilding

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