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Diana Shipping’s time charter contract with C Transport

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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 C Transport Maritime Ltd, Bermuda, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$19 700/d, minus a 5% commission paid to third parties, for a period until minimum 15 August 2023 up to maximum 15 November 2023. The charter is expected to commence on 9 December 2021. The m/v Semirio is currently chartered, as previously announced, to SwissMarine Pte Ltd, Singapore, at a gross charter rate of US$13 500/d, minus a 5% commission paid to third parties.

The Semirio is a 174 261 DWT Capesize dry bulk vessel built in 2007.

The employment of Semirio is anticipated to generate approximately US$11.94 million of gross revenue for the minimum scheduled period of the time charter.

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