Diana Shipping Enters Time Charter Contract For M/V Amphitrite

Diana Shipping Inc DSX has entered into a time charter contract with BG Shipping Co., Limited, Hong Kong, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite.
The gross charter rate is $27 thousand per day, minus a 5% commission paid to third parties, for a period until a minimum of October 15, 2022, up to a maximum of December 15, 2022. The charter commenced today.
Diana Shipping expects this employment to generate ~$10.58 million of gross revenue for the minimum scheduled time charter period.
The combined carrying capacity of the company's fleet, excluding the one vessel not yet delivered, is ~4.6 million dwt, with a weighted average age of 10.49 years.
Price Action: DSX shares are trading higher by 7.25% at $5.92 on the last check Monday.

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