Diana Shipping Inc. Announces Time Charter Contract for m/v Amphitrite with Cargill

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite. The gross charter rate is US$11,150 per day, minus a 4.75% commission paid to third parties, for a period of minimum thirteen (13) months to maximum sixteen (16) months. The charter is expected to commence in late September 2017. The m/v Amphitrite is currently chartered, as previously announced, to Bunge S.A., Geneva, at a gross charter rate of US$7,700 per day, minus a 5% commission paid to third parties.

The “Amphitrite” is a 98,697 dwt Post-Panamax dry bulk vessel built in 2012.

This employment is anticipated to generate approximately US$4.35 million of gross revenue for the minimum scheduled period of the time charter.