Diana Shipping: Direct continuation of time charter contract for m/v Melia with Nidera
Friday, Mar 17, 2017
Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Nidera S.P.A., Roma, for one of its Panamax dry bulk vessels, the m/v Melia, for a period of about eleven months to about thirteen months. The gross charter rate is US$9,500 per day, minus a 5% commission paid to third parties. The new charter period is expected to commence on March 18, 2017.
 
The “Melia” is a 76,225 dwt Panamax dry bulk vessel built in 2005.
 
The employment extension of “Melia” is anticipated to generate approximately US$2.99 million of gross revenue for the minimum scheduled period of the time charter.
 
Diana Shipping Inc.’s fleet currently consists of 48 dry bulk vessels (4 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 23 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.7 million dwt with a weighted average age of 7.79 years.

For more information, please visit:  http://www.dianashippinginc.com/

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