Diana: Direct Continuation of Time Charter Contract for m/v Astarte

Diana-Shipping

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, the m/v Astarte.

The gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen months to maximum seventeen months. The new charter period commenced yesterday. The m/v Astarte was chartered, as previously announced, at a gross charter rate of US$9,000 per day, minus a 5% commission paid to third parties.

The “Astarte” is a 81,513 dwt Kamsarmax dry bulk vessel built in 2013.

The employment extension of “Astarte” is anticipated to generate approximately US$5.99 million of gross revenue for the minimum scheduled period of the time charter extension.

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