23MAR2018 - NEWS - Diana Shipping Inc. Announces Time Charter Contract for m/v New Orleans with SwissMarine

Recently on Thursday a global shipping company specializing in the ownership of dry bulk vessels, Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is US$21,000 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum thirteen (13) months. The charter is expected to commence on March 25, 2018. The m/v New Orleans is currently chartered, as previously announced, to Koch Shipping Pte. Ltd., Singapore, at a gross charter rate of US$11,250 per day, minus a 5% commission paid to third parties. The “New Orleans” is a 180,960 dwt Capesize dry bulk vessel built in 2015.