Diana Announces Time Charter Contract for m/v Medusa with Quadra

Diana-Shipping-MV-Medusa

Diana Shipping announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Quadra Commodities S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Medusa.

The gross charter rate is US$6,300 per day, minus a 5% commission paid to third parties, for a period of up to minimum March 15, 2017 to maximum July 30, 2017.

The “Medusa” is a 82,194 dwt Kamsarmax dry bulk vessel built in 2010.

This employment is anticipated to generate approximately US$2.15 million of gross revenue for the minimum scheduled period of the time charter.

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