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 BG Shipping Co., Limited, Hong Kong, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene. The gross charter rate is US$11,500 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The charter commenced earlier today.
The “Alcmene” is a 93,193 dwt Post-Panamax dry bulk vessel built in 2010.
This employment is anticipated to generate approximately US$3.8 million of gross revenue for the minimum scheduled period of the time charter.