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Diana Shipping Inc. and Glencore Agriculture enter 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 Glencore Agriculture B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Artemis. The gross charter rate is US$10 250/d, minus a 5% commission paid to third parties, for a period until minimum 5 January 2022 up to maximum 30 March 2022. The charter commenced earlier this week. The m/v Artemis was chartered, as previously announced, to Koch Shipping Pte. Ltd, Singapore, at a gross charter rate of US$10 150/d, minus a 5% commission paid to third parties.

The Artemis is a 76 942 DWT Panamax dry bulk vessel built in 2006.

This employment is anticipated to generate approximately US$4.06 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sales of one Panamax dry bulk vessel, the m/v Coronis, and one Capesize dry bulk vessel, the m/v Sideris GS, Diana Shipping Inc.’s fleet will consist of 38 dry bulk vessels (four Newcastlemax, 12 Capesize, five Post-Panamax, five Kamsarmax and 12 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Coronis and the m/v Sideris GS is approximately 5.0 million DWT with a weighted average age of 10.15 years.

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