Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Medusa. The gross charter rate is US$16,850 per day, minus a 4.75% commission paid to third parties, for a period until minimum October 5, 2027 up to maximum December 20, 2027. The charter is expected to commence on July 10, 2026. The m/v Medusa is currently chartered, as previously announced, to Cargill International SΑ, Geneva, at a gross charter rate of US$13,000 per day, minus a 4.75% commission paid to third parties.

The “Medusa” is an 82,194 dwt Kamsarmax dry bulk vessel built in 2010.

The employment of “Medusa” is anticipated to generate a total of approximately US$7.50 million of gross revenue for the minimum scheduled period of the time charter.