Diana: Time Charter Contract for m/v Maera

Diana-Shipping

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 Maera. The gross charter rate is US$8,600 per day, minus a 5% commission paid to third parties, for a period until minimum July 1, 2021 up to maximum September 30, 2021. The charter commenced on June 11, 2020.

The “Maera” is a 75,403 dwt Panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$3.27 million of gross revenue for the minimum scheduled period of the time charter.

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