Diana Shipping announces direct continuation of Time Charter Contract for m/v Amphitrite
ATHENS, GREECE– Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite.
The gross charter rate is US$12,250 per day for the first thirty (30) days of the charter period and US$15,000 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties, for a period until minimum November 15, 2024 up to maximum January 15, 2025. The new charter period is expected to commence on January 12, 2024.
The “Amphitrite” is a 98,697 dwt Post-Panamax dry bulk vessel built in 2012.
The employment extension of “Amphitrite” is anticipated to generate approximately US$4.46 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 40 dry bulk vessels: 4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax. As of today, the combined carrying capacity of the Company’s fleet is approximately 4.5 million dwt with a weighted average age of 10.55 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute a part of this press release.