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Diana Shipping Inc. announces time charter contract

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Dry Bulk,

Diana Shipping Inc., a global shipping company specialising in the owner-ship of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Viterra Chartering B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Melia.

The gross charter rate is US$25 750/d, minus a 5% commission paid to third parties, for a period until minimum 7 April 2022 up to maximum 7 June 2022. The charter commenced retroactively on 11 June 2021. The m/v Melia was chartered, as previously announced, to Ausca Shipping Limited, Hong Kong, at a gross charter rate of US$10 000/d, plus US$500 000 gross ballast bonus, minus a 5% commission paid to third parties.

The Melia is a 76 225 DWT Panamax dry bulk vessel built in 2005.

The employment of Melia is anticipated to generate approximately US$7.65 million of gross revenue for the minimum scheduled period of the time charter.

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