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News Breaks | | | | January 10, 2013 | | 08:48 EDT |  | DSX | Diana Shipping announces time charter for m/v Polymnia with Augustea Bunge
Diana Shipping announced that it has entered into a time charter contract with Augustea Bunge Maritime Limited, Malta, through a separate wholly-owned subsidiary, for one of its Post-Panamax dry bulk carriers, the m/v Polymnia. The gross charter rate is $7,600 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen months to maximum twenty-four months. The charterer has the option to further employ the vessel for about eleven to maximum thirteen months at a gross charter rate of $11,000 per day, less a 5% commission paid to third parties. The optional period must be declared by the charterer no later than twenty-two months after the delivery of the vessel to the charterer. The charter is expected to commence in mid-January 2013 and the optional period, if exercised, will start as of the end of the twenty-fourth month. This employment is anticipated to generate approximately $4.1M of gross revenue for the minimum scheduled period of the charter. If the charterer exercises its optional period, the charter is expected to generate an additional $3.5M of gross revenue for the minimum optional period. | |
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News For DSX From The Last 14 Days Check below for free stories on DSX the last two weeks. |
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| May 23, 2013 | | 11:55 EDT |  | DSX | Options with decreasing implied volatility: AEGR PXP AMRN DSX ACT
 Subscribe for More Information | | | May 22, 2013 | | 07:46 EDT |  | DSX | Diana Shipping reports Q1 EPS (4c), consensus (3c)
Reports Q1 revenue $42.6M, consensus $41.54M. | | | May 21, 2013 | | 08:45 EDT | | DSX | Diana Shipping agrees to loan up to $50M to Diana Containerships
Diana Shipping (DSX) announced that yesterday it agreed to loan up to $50M to Diana Containerships (DCIX), a former wholly-owned subsidiary of the company of which Diana Shipping currently owns approximately 10.4% of the issued and outstanding common shares. Under the terms of the loan agreement, one or more wholly-owned subsidiaries of Diana Containerships may borrow amounts under the loan to fund vessel acquisitions and for general corporate purposes. The loan matures on the fourth anniversary of the initial draw down date, and amounts drawn under the loan will bear interest at the rate of LIBOR plus 5.0% per annum. In addition, the borrower will pay the Company a variable back-end fee in an amount of up to 5.0%, in the aggregate, of the total amount outstanding under the loan. | | | May 10, 2013 | | 09:07 EDT | | DSX | Diana Shipping announces time charter contract for m/v Baltimore with RWE
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