Diana Shipping Inc. Announces Time Charter Contract for m/v Coronis

Diana-MV-Coronis-Panamax-dry-bulk

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Narina Maritime Ltd, fully guaranteed by Cerrahgil Denizcilik Nakliyat ve Tic. A.S., for one of its Panamax dry bulk vessels, the m/v Coronis. The gross charter rate is US$4,750 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The charter is expected to commence on March 19, 2016.

The “Coronis” is a 74,381 dwt Panamax dry bulk vessel built in 2006.

This employment is anticipated to generate approximately US$1.57 million of gross revenue for the minimum scheduled period of the time charter.

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