Diana Shipping announces time charter contract for m/v Leto with ASL

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Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Shipping Limited, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is US$16,000 per day, minus a 5% commission paid to third parties, for a period until minimum March 1, 2025 up to maximum April 30, 2025. The charter is expected to commence on May 2, 2024.

The “Leto” is a 81,297 dwt Panamax dry bulk vessel built in 2010.

The employment of “Leto” is anticipated to generate approximately US$4.75 million of gross revenue for the minimum scheduled period of the time charter.