Diana Shipping Announces Time Charter Contract for m/v Astarte


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 Tongli Shipping Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte.

The gross charter rate is US$21,500 per day, minus a 5% commission paid to third parties, for a period until minimum April 15, 2023 up to maximum June 15, 2023. The charter is expected to commence on January 31, 2022.

The “Astarte” is a 81,513 dwt Kamsarmax dry bulk vessel built in 2013.

The employment of “Astarte” is anticipated to generate approximately US$9.35 million of gross revenue for the minimum scheduled period of the time charter.