Diana Shipping: Time Charter Contract for m/v Myrsini with Glencore

Diana

Diana Shipping Inc., 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 Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini.

The gross charter rate is US$12,750 per day, minus a 5% commission paid to third parties, for a period of minimum ten months to maximum twelve months. The charter commenced on December 22, 2018. The m/v Myrsini was chartered, as previously announced, to RWE Supply & Trading GmbH, Essen, Germany, at a gross charter rate of US$8,650 per day, minus a 5% commission paid to third parties.

The “Myrsini” is a 82,117 dwt Kamsarmax dry bulk vessel built in 2010.

This employment is anticipated to generate approximately US$3.83 million of gross revenue for the minimum scheduled period of the time charter.

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