Diana Shipping Inc. Announces Time Charter Contract


Diana Shipping Inc. (NYSE: DSX), (the “Company”),  announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Tata NYK Shipping Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Myrto, says a press release on their website.

Gross charter rate

The gross charter rate is US$18,000 per day, minus a 5% commission paid to third parties, for a period until minimum July 15, 2023 up to maximum September 15, 2023.

The charter is expected to commence on August 3, 2022.

The “Myrto” is a 82,131 dwt Kamsarmax dry bulk vessel built in 2013.

Employment is anticipated

The employment of “Myrto” is anticipated to generate approximately US$6.16 million of gross revenue for the minimum scheduled period of the time charter.

Previous announcement

Upon completion of the previously announced sale of one Capesize dry bulk vessel, the m/v Baltimore, Diana Shipping Inc.’s owned and bareboat chartered-in fleet will consist of 34 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax and 8 Panamax).

The combined carrying capacity of our fleet, including the m/v Baltimore, is approximately 4.5 million dwt with a weighted average age of 10.51 years.

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Source: Diana Shipping Inc. 


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