Diana Shipping Inc. Announces Time Charter With C Transport

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Diana Shipping Inc. (NYSE: DSX), (the “Company”), through a separate wholly-owned subsidiary, 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, says a press release published on their website.

Gross charter rate

The gross charter rate is US$19,700 per day, minus a 5% commission paid to third parties, for a period until minimum August 15, 2023 up to maximum November 15, 2023.

The charter is expected to commence on December 9, 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 per day, minus a 5% commission paid to third parties.

About the vessel

The “Semirio” is a 174,261 dwt Capesize dry bulk vessel built in 2007.

Gross revenue

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.

Diana’s fleet

Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 10 Panamax). The Company also expects to take delivery of one Kamsarmax dry bulk vessel by the end of February 2022.

As of today, the combined carrying capacity of the Company’s fleet, excluding the one vessel not yet delivered, is approximately 4.6 million dwt with a weighted average age of 10.69 years.

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Source: Diana Shipping

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