Diana Shipping Continues Charter with RWE

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Kamsarmax dry bulk vessels, the m/v Maia, for a period of minimum 17 months to maximum 20 months. The gross charter rate is $7,500 per day, minus a five percent commission paid to third parties. The new charter period is expected to commence on November 11, 2015.

 

The Maia is an 82,193 dwt Kamsarmax dry bulk vessel built in 2009.

 

Diana Shipping said the employment extension is anticipated to generate approximately $3.8 million of gross revenue for the minimum scheduled period of the time charter.