DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR MV ERATO
ATHENS, GREECE, November 18, 2008 – Diana Shipping Inc. (NYSE: DSX), a
global shipping company specializing in the transportation of dry bulk cargoes, today
announced that it has entered into a time charter contract with Cargill International
S.A., Geneva , for one of its Panamax dry bulk carriers, the m/v Erato, at a gross rate
of US$15,000 per day for a minimum eleven (11) to a maximum fourteen (14) month
period.
This employment is anticipated to generate approximately US$5 million of gross
revenues for the minimum scheduled period of the charter. The charter is expected to
commence during January 2009.
The m/v Erato is a 74,444 dwt Panamax dry bulk carrier built in 2004.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services. The
Company specializes in transporting dry bulk cargoes, including such commodities as
iron ore, coal, grain and other materials along worldwide shipping routes.
Diana Shipping Inc
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