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

Diana Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with CLdN Cobelfret SA, Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.

The gross charter rate is US$24,750 per day, minus a 5% commission paid to third parties, for a period until minimum January 15, 2023 up to maximum March 15, 2023. The new charter period is expected to commence on February 2, 2022. The m/v Polymnia is currently chartered, as previously announced, at a gross charter rate of US$12,100 per day, minus a 5% commission paid to third parties.

The “Polymnia” is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012.

The employment of “Polymnia” is anticipated to generate approximately US$8.49 million of gross revenue for the minimum scheduled period of the time charter.

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