Diana Shipping Extends Time Charter Contract

Diana Shipping, through a separate wholly owned subsidiary, has extended its time charter contract with RWE Supply & Trading GmbH, of Essen, Germany, for one of its Kamsarmax dry bulk vessels, the Myrsini. The gross charter rate is $8,650 per day, minus a 5% commission paid to third parties, for a period until minimum Aug. 31, 2018 and maximum Dec. 31, 2018.

Diana also signed multiple new time charter contracts through a separate, wholly owned subsidiary. The company signed a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the Electra. The gross charter rate is $8,000 per day, minus a 5% commission paid to third parties, for a period of minimum 13 months to maximum seventeen 17 months.

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