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Diana Shipping Announces Time Charter Contract For m/v Ismene; Gross Charter Rate Is $11,000 Per Day, Anticipated To Generate ~$3.54M Of Gross Revenue For The Minimum Scheduled Period Of The Time Charter

Benzinga·04/15/2025 13:16:55
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Diana Shipping Inc. (NYSE:DSX), (the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with China Resource Chartering Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$11,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum March 20, 2026 up to maximum May 20, 2026. The charter is expected to commence on April 26, 2025.

The "Ismene" is a 77,901 dwt Panamax dry bulk vessel built in 2013.

The employment of "Ismene" is anticipated to generate approximately US$3.54 million of gross revenue for the minimum scheduled period of the time charter.