Diana Shipping: Direct Continuation of Time Charter Contract

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Diana Shipping announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Reachy Shipping (SGP) Pte. Ltd., for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia.

The gross charter rate is US$11,250 per day, minus a 5% commission paid to third parties, for a period until minimum February 20, 2024 up to maximum April 20, 2024. The new charter period is expected to commence today.

The “Crystalia” is an 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014.

The employment of “Crystalia” is anticipated to generate approximately US$1.85 million of gross revenue for the minimum scheduled period of the time charter.

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