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Diana Shipping enters time charter contract with Hudson

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Dry Bulk,

Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, has through a separate wholly-owned subsidiary entered into a time charter contract with Hudson Shipping Lines Inc. for one of its panamax dry bulk vessels, the m/v Alcyon.

The gross charter rate is US$8800/day, minus a 5% commission paid to third parties, for a period of minimum 12 months to maximum 15 months. The charter is expected to commence on 21 July 2017. The m/v Alcyon is currently chartered, as previously announced, to Dampskibsselskabet Norden A/S, Copenhagen, at a gross charter rate of US$5,000 per day, minus a 5% commission paid to third parties.

The “Alcyon” is a 75 247 DWT panamax dry bulk vessel built in 2001.

This employment is anticipated to generate approximately US$3.17 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 51 dry bulk vessels (four newcastlemax, 14 capesize, five post-panamax, five kamsarmax and 23 panamax).

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