Diana Shipping Announces Time Charter Contract for m/v Leto with Uniper

Diana

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 Panamax dry bulk vessels, the m/v Leto.

The gross charter rate is US$13,000 per day, minus a 5% commission paid to third parties, for a period of minimum eleven months to maximum thirteen months. The charter is expected to commence on May 31, 2019. The m/v Leto is currently chartered, as previously announced, to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of US$12,500 per day, minus a 5% commission paid to third parties.

The “Leto” is a 81,297 dwt Panamax dry bulk vessel built in 2010.

This employment is anticipated to generate approximately US$4.29 million of gross revenue for the minimum scheduled period of the time charter.

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