Diana Shipping announces time charter contract for m/v San FranciscoStaff Writer | May 11, 2018
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping, Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco.
Shipping $24,000 per day, minus a 5% commission
The m/v San Francisco is currently chartered, as previously announced, at a gross charter rate of $11,750 per day, minus a 5% commission paid to third parties.
The “San Francisco” is a 208,006 dwt Newcastlemax dry bulk vessel built in 2017.
This employment is anticipated to generate approximately $6.96 million of gross revenue for the minimum scheduled period of the time charter. ■