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Diana enters time contract

Diana enters time contract
Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, yesterday announced that it has entered into a time charter contract with Cargill International S.A.

Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, yesterday announced that it has entered into a time charter contract with Cargill International S.A.

Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, yesterday announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the m/v Calipso, at a gross rate of US$9,400 per day for a minimum eleven (11) to a maximum fourteen (14) month period. The charter commenced on January 24, 2009.

This employment is anticipated to generate approximately US$3.1 million of gross revenues for the minimum scheduled period of the charter.

The m/v Calipso is a 73,691 dwt Panamax dry bulk carrier built in 2005.

Diana Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

www.TurkishMaritime.com.tr

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