Greece: Diana Shipping Inks Charter Contract for MV Thetis

Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, announced recently that it has entered into a time charter contract with EDF Trading Limited, UK, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk vessels, the m/v “Thetis”.

The gross charter rate is US$8,300 per day, minus a 5% commission paid to third parties, for a period of minimum twenty-two (22) months to maximum twenty-seven (27) months. The charter is expected commence by the end of August 2013.

The Thetis is a 73,583 dwt Panamax dry bulk vessel built in 2004.

This employment is anticipated to generate approximately US$5.5 million of gross revenue for the minimum scheduled period of the charter.

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Diana Shipping, August 19, 2013