Diana Shipping Announces Time Charter Contract for m/v Phaidra With Uniper

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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 Post-Panamax dry bulk vessels, the m/v Phaidra.

The gross charter rate is US$28,000 per day, minus a 5% commission paid to third parties, for a period until minimum July 1, 2022 up to maximum September 15, 2022. The charter is expected to commence on September 1, 2021.

The “Phaidra” is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013.

The employment of “Phaidra” is anticipated to generate approximately US$8.40 million of gross revenue for the minimum scheduled period of the time charter.

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