Diana Shipping Inc.
DSX, a global shipping company specializing in the ownership and
operation of dry bulk vessels, today announced that it has entered into a time
charter contract with Rio Tinto Shipping Pty, Ltd., Melbourne, Australia,
through a separate wholly-owned subsidiary, for one of its Panamax dry bulk
carriers, the m/v Melia. The gross charter rate is US$9,700 per day, minus a
3.75% commission paid to third parties, for a period of about eleven (11)
months to maximum thirteen (13) months. The charter is expected to commence on
April 16, 2013.
The Melia is a 76,225 dwt Panamax dry bulk vessel built in 2005.
This employment is anticipated to generate approximately US$3.05 million of
gross revenue for the minimum scheduled period of the charter.
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