Diana Secures Time Charter with Transgrain

Diana Shipping Inc., 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 Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Nirefs, a 75,311 dwt Panamax dry bulk vessel built in 2001.

 

The gross charter rate is $4,600 per day, minus a 5 percent commission paid to third parties, for a period of minimum 11 months to about 14 months. The charter is expected to commence tomorrow.

 

Diana Shipping expects the employment to generate approximately $1.5 million of gross revenue for the minimum scheduled period of the time charter.