Shares of Diana Shipping Inc. DSX surged higher by nearly 20 percent on Friday after the company announced a contract win.
Diana Shipping said that one of its wholly-owned subsidiary entered into a time charger contract with Quadra Commodities for the use of a Kamsarmax dry bulk vessel. The contract has a charter rate of $6,300 per day, less a 5 percent commission paid out to a third party.
The contract is dated from March 15, 2017, to July 30, 2017.
Dianna Shipping added that the contract is expected to generate $2.15 million of gross revenue.
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