Diana Shipping Inks Time Charter Contract For M/V Phaidra

  • Diana Shipping Inc DSX has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for the m/v Phaidra, an 87,146 dwt Post-Panamax dry bulk vessel built-in 2013.
  • The charter is expected to commence on September 1, 2021.
  • The gross charter rate is $28,000 per day, minus a 5% commission paid to third parties, for a period until minimum of July 1, 2022, up to a maximum of September 15, 2022.
  • The company expects the employment to generate ~$8.40 million of gross revenue for the minimum scheduled time charter period.
  • Price Action: DSX shares are trading higher by 0.19% at $5.15 on the last check Monday.
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