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Diana Shipping Inc. announces direct continuation of time charter contract with Uniper

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Dry Bulk,

Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, has recently announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its post-panamax dry bulk vessels, the m/v Phaidra.

The gross charter rate is US$9400/d, minus a 5% commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The new charter period commenced on 29 May 2020.

The ‘Phaidra’ is a 87 146 DWT post-panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$3.1 million of gross revenue for the minimum scheduled period of the time charter.

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