Diana Announces Time Charter Contract for m/v Alcyon With Norden

Diana-Shipping-Alcyon

Diana Shipping announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Dampskibsselskabet Norden A/S, Copenhagen, for one of its Panamax dry bulk vessels, the m/v Alcyon.

The gross charter rate is US$5,000 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum sixteen (16) months.

The “ Alcyon” is a 75,247 dwt Panamax dry bulk vessel built in 2001.

This employment is anticipated to generate approximately US$1.8 million of gross revenue for the minimum scheduled period of the time charter.

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