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Vessel chartered $14,000 per day

Vessel chartered $14,000 per day
Diana Shipping Inc. entered into a time charter contract with TPC Korea Co., Ltd for one of its Panamax dry bulk carriers, the m/v Coronis, at a gross rate of US$14,000 per day.

Diana Shipping Inc. entered into a time charter contract with TPC Korea Co., Ltd for one of its Panamax dry bulk carriers, the m/v Coronis, at a gross rate of US$14,000 per day.

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 TPC Korea Co., Ltd, Seoul, South Korea, for one of its Panamax dry bulk carriers, the m/v Coronis, at a gross rate of US$14,000 per day for a minimum eleven (11) to a maximum thirteen (13) month period. This employment is anticipated to generate approximately US$4.6 million of gross revenues for the minimum scheduled period of the charter. The charter is expected to commence during late March 2009.

The m/v Coronis is a 74,381 dwt Panamax dry bulk carrier built in 2006.

About the Company

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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