Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$13,500 per day, minus a 5% commission paid to third parties, for a period until minimum October 5, 2021 up to maximum December 20, 2021. The charter is expected to commence on January 1, 2021.

The “Semirio” is a 174,261 dwt Capesize dry bulk vessel built in 2007.

This employment is anticipated to generate approximately US$3.7 million of gross revenue for the minimum scheduled period of the time charter.