Diana Shipping Inks Charter Deal with Ausca

Palios

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Arethusa.

The gross charter rate is US$9,150 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum fifteen (15) months.

The “Arethusa” is a 73,593 dwt Panamax dry bulk vessel built in 2007.

This employment is anticipated to generate approximately US$3.29 million of gross revenue for the minimum scheduled period of the time charter.

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