Diana Shipping Announces Time Charter Contract for m/v Selina

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Diana Shipping, 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 Speed Logistics Marine Limited, for one of its Panamax dry bulk vessels, the m/v Selina.

The gross charter rate is US$22,000 per day, minus a 5% commission paid to third parties, for a period until minimum April 15, 2023 up to maximum June 20, 2023. The charter is expected to commence tomorrow.

The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.

The employment of “Selina” is anticipated to generate approximately US$6.56 million of gross revenue for the minimum scheduled period of the time charter.