Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary,
it entered into a time charter contract with Dampskibsselskabet Norden A/S, Copenhagen, for one of its Panamax dry bulk vessels, the m/v Alcyon. The gross charter rate is US$5,000 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum sixteen (16) months. The charter commenced earlier today.
The “ Alcyon” is a 75,247 dwt Panamax dry bulk vessel built in 2001.
This employment is anticipated to generate approximately US$1.8 million of gross revenue for the minimum scheduled period of the time charter.