G. P. ZAFIRAKIS

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Diana Shipping in TC contract with SwissMarine for m/v G. P. Zafirakis

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, on Dec. 28 announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis. The gross charter rate is US$17,000 per day,

Diana Announces Direct Continuation Of Time Charter Contract For M/v G. P. Zafirakis

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis. The gross charter rate is US$15,000 per day minus a 5% commission paid to third parties, for a period of about fourteen (14) months to maximum seventeen (17) months. The new charter period will commence on August 14, 2017. The m/v G. P. Zafirakis is currently chartered, as previously announced, at a gross charter rate of US$6,500 per day, minus a 5% commission paid to third parties. The “G. P. Zafirakis” is a 179,492 dwt Capesize dry bulk vessel built in 2014. The employment extension of “G. P. Zafirakis” is anticipated to generate approximately US$6.08 million of gross revenue for the minimum scheduled period of the time charter. Source: Shipping Herald