M/V “Maera”.   Image by Diana Shipping Inc.



Diana Shipping Inc. Announces Time Charter Contract for m/v Maera

Athens, Greece - September 18, 2017

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Unico Logistics Co., Ltd., Seoul, for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is US$11,900 per day, minus a 5% commission paid to third parties, for a period of minimum nine (9) months to maximum eleven (11) months. The charter is expected to commence on September 19, 2017. The m/v Maera was previously chartered to Transgrain Shipping B.V., Rotterdam, at a gross charter rate of US$8,500 per day, minus a 5% commission paid to third parties, for a period of sixty-eight (68) days.

The “Maera” is a 75,403 dwt Panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$3.21 million of gross revenue for the minimum scheduled period of the time charter.

About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

Diana Shipping Inc. press release