Diana Announces Time Charter Contract for m/v Houston with SwissMarine

Diana-Shipping

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Houston.

The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The charter is expected to commence on January 30, 2016.

The “Houston” is a 177,729 dwt Capesize dry bulk vessel built in 2009.

This employment is anticipated to generate approximately US$1.7 million of gross revenue for the minimum scheduled period of the time charter.

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