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Diana Shipping Inc. announces time charter contract

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Dry Bulk,

Diana Shipping Inc. has 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 Houston. The gross charter rate is US$27 000/d, minus a 5% commission paid to third parties, for a period until minimum 15 July 2022 up to maximum 15 October, 2022.

The charter commenced retroactively on 30 August 2021. The m/v Houston was chartered, as previously announced, to C Transport Maritime Ltd, Bermuda, at a gross charter rate of US$6250/d for the first 30 days of the charter period and US$12 400/d for the balance of the time charter, in each case minus a 5% commission paid to third parties.

The Houston is a 177 729 DWT Capesize dry bulk vessel built in 2009.

The employment of Houston is anticipated to generate approximately US$8.51 million of gross revenue for the minimum scheduled period of the time charter.

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