Diana Shipping Inc. Announces Time Charter Contract For m/v Thetis With Transgrain

Diana-Shipping-MV-Thetis2-BIG

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 Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Thetis. The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties, for a period of minimum ten (10) months to about thirteen (13) months. The charter is expected to commence on June 16, 2016.

The “Thetis” is a 73,583 dwt Panamax dry bulk vessel built in 2004.

This employment is anticipated to generate approximately US$1.55 million of gross revenue for the minimum scheduled period of the time charter.

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