Diana Shipping Announces Time Charter Contract for m/v Polymnia

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 Al Ghurair Resources International L.L.C., Dubai, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.

The gross charter rate is US$14,500 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to about fourteen (14) months. The charter is expected to commence on October 23, 2019.

The “Polymnia” is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012.

This employment is anticipated to generate approximately US$5.22 million of gross revenue for the minimum scheduled period of the time charter.

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