Diana Shipping , a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers , for one of its Post-Panamax dry bulk vessels, the m/v Electra. The gross charter rate is US$14,000, minus a 5.00% commission paid to third parties, for a period until minimum December 1, 2026 up to maximum January 31, 2027. The charter is expected to commence on December 4, 2025.
The “Electra” is an 87,150 dwt Post-Panamax bulk vessel built in 2013.
The employment of “Electra” is anticipated to generate approximately US$5.00 million of gross revenue for the minimum scheduled period of the time charter.
The Company also announced that, the previously disclosed Memorandum of Agreement for the sale of the 2016-built Ultramax dry bulk vessel m/v DSI Drammen has been terminated. The Company, through a limited partnership in which it holds a 25% interest (with the remaining 75% owned by Ecobulk AS, a Norwegian entity), had announced the sale of the vessel on September 18, 2025, with delivery to the buyer scheduled latest by October 31, 2025, for a sale price of approximately US$26.86 million before commissions.
Source: cyprusshippingnews.com
