Diana Shipping Announces Time Charter Contract for m/v Atalandi

Diana Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi.

The gross charter rate is US$13,500 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen (14) months to maximum seventeen (17) months. The charter commenced earlier today. The m/v Atalandi was chartered, as previously announced, to Glencore Grain B.V., Rotterdam, at a gross charter rate of US$5,300 per day, minus a 5% commission paid to third parties.

The “Atalandi” is a 77,529 dwt Ice Class Panamax dry bulk vessel built in 2014.

This employment is anticipated to generate approximately US$5.67 million of gross revenue for the minimum scheduled period of the time charter.

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