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January 15, 2013
07:47 EDTDSXDiana Shipping announces time charters for m/v Nirefs and m/v Myrto
Diana Shipping announced that it has entered into a time charter contract with Intermare Transport GmbH, Hamburg, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Nirefs. The gross charter rate is $8,000 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen months to maximum twenty-four months. The charter is expected to commence at the end of January. Additionally, the company has entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly-owned subsidiary, for its Kamsarmax dry bulk carrier, the m/v Myrto, at a gross charter rate of $9,000 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen months to maximum twenty-four months. The charter is expected to commence upon delivery of the vessel to the company. These employments are anticipated to generate a total of approximately $9.2M of gross revenue for the minimum scheduled period of the charters.
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