Diana Shipping Announces Time Charter Contract for m/v Semirio

Diana Shipping

Diana Shipping, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Semirio.

The gross charter rate is US$16,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum fifteen (15) months to maximum eighteen (18) months. The charter is expected to commence on July 1, 2019.

The “Semirio” is a 174,261 dwt Capesize dry bulk vessel built in 2007.

This employment is anticipated to generate approximately US$7.2 million of gross revenue for the minimum scheduled period of the time charter.

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