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Diana Shipping Signs TC Contract for m/v Artemis with Ausca

Diana Shipping Signs TC Contract for m/v Artemis with Ausca
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Artemis.

The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$12,600 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to maximum 15 months.

The charter is expected to commence on September 18, 2018. The m/v Artemis is currently chartered, as previously announced, at a gross charter rate of US$9,000 per day, minus a 5% commission paid to third parties.

The "Artemis" is a 76,942 dwt Panamax dry bulk vessel built in 2006.

This employment is anticipated to generate approximately US$4.54 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.'s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company's fleet is approximately 5.8 million dwt with a weighted average age of 9.07 years.

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