Diana Shipping. Enters Into Time Charter Contract For m/v Electra With Aquavita; Gross Charter Rate $14,000/Day Minus 4.75% Commission Paid To Third Parties For Period Until Minimum Oct. 15, 2025 To Maximum Dec. 31, 2025
Portfolio Pulse from Benzinga Newsdesk
Diana Shipping has entered into a time charter contract for its vessel m/v Electra with Aquavita. The contract stipulates a gross charter rate of $14,000 per day, minus a 4.75% commission paid to third parties, for a period extending from a minimum of October 15, 2025, to a maximum of December 31, 2025.
June 03, 2024 | 1:21 pm
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Diana Shipping has secured a time charter contract for its vessel m/v Electra with Aquavita at a gross rate of $14,000 per day, minus a 4.75% commission, for a period extending to late 2025.
The new time charter contract provides a steady revenue stream for Diana Shipping, which is positive for the company's financial stability and future earnings. The long-term nature of the contract (until late 2025) adds to the predictability of revenues.
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