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 has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is US$14,450 per day, minus a 5% commission paid to third parties, for a period of about six (6) months up to December 29, 2017. The charter commenced on April 23, 2017.
The “New York” is a 177,773 dwt Capesize dry bulk vessel built in 2010.
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Trafigura Maritime Logistics Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Norfolk. The gross charter rate is US$12,000 per day, minus a 5% commission paid to third parties, for a period of about six (6) months to maximum eight (8) months. The charter commenced on April 26, 2017.
The “Norfolk” is a 164,218 dwt Capesize dry bulk vessel built in 2002.
In addition, the Company announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Jaldhi Overseas Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Nirefs. The gross charter rate is US$9,400 per day, minus a 5% commission paid to third parties, for a period of minimum thirteen (13) months to maximum sixteen (16) months. The charter is expected to commence on May 4, 2017.
The “Nirefs” is a 75,311 dwt Panamax dry bulk vessel built in 2001.
The employments of “New York”, “Norfolk” and “ Nirefs” are anticipated to generate approximately US$8.03 million of gross revenue for the minimum scheduled period of the time charters.