Diana Shipping: Time Charter Contracts for m/v Atalandi & m/v Leto With Aquavita

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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 Aquavita International S.A., for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi.

The gross charter rate is US$24,500 per day, minus a 4.75% commission paid to third parties, for a period until minimum February 15, 2023 up to maximum April 30, 2023. The charter is expected to commence on October 3, 2021. The m/v Atalandi is currently chartered, as previously announced, to Uniper Global Commodities SE, Düsseldorf, at a gross charter rate of US$9,300 per day, minus a 5% commission paid to third parties.

The “Atalandi” is a 77,529 dwt Ice Class Panamax dry bulk vessel built in 2014.

The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is US$25,500 per day, minus a 4.75% commission paid to third parties, for a period until minimum February 1, 2023 up to maximum April 15, 2023. The charter is expected to commence on October 2, 2021. The m/v Leto is currently chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$9,000 per day, minus a 4.75% commission paid to third parties.

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

The employments of “Atalandi” and “Leto” are anticipated to generate approximately US$24.27 million of gross revenue for the minimum scheduled period of the time charters.