Diana Shipping Announces Time Charter Contract for m/v Ismene with DHL

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 entered into a time charter contract with DHL Project & Chartering Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Ismene.

The gross charter rate is US$12,000 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum fifteen (15) months. The charter is expected to commence on September 16, 2017. The m/v Ismene is currently chartered, as previously announced, to Glencore Grain B.V., Rotterdam, at a gross charter rate of US$5,850 per day, minus a 5% commission paid to third parties.

The “Ismene” is a 77,901 dwt Panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$4.32 million of gross revenue for the minimum scheduled period of the time charter.

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