Diana Shipping Announces Direct Continuation of Time Charter Contract for m/v Baltimore

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Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Baltimore.

The gross charter rate is US$13,000 per day, minus a 5% commission paid to third parties, for a period until minimum July 20, 2021 up to maximum October 5, 2021. The new charter period is expected to commence on December 20, 2020.

The “Baltimore” is a 177,243 dwt Capesize dry bulk vessel built in 2005.

This employment is anticipated to generate approximately US$2.73 million of gross revenue for the minimum scheduled period of the time charter.

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