Diana Shipping Announces Time Charter Contract for m/v Astarte with Aquavita

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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 Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Astarte.

The gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen (14) months to about sixteen (16) months. The charter is expected to commence on January 18, 2020.

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

This employment is anticipated to generate approximately US$4.94 million of gross revenue for the minimum scheduled period of the time charter.

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