Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Louis Dreyfus Company Freight Asia Pte. Ltd., for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is $13,900, minus a 5% commission paid to third parties, for a period of minimum twenty-one months to maximum twenty-five months. The charter is expected to commence during the second quarter of 2024. The “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014. The employment of “Crystalia” is anticipated to generate approximately $8.76 million of gross revenue for the minimum scheduled period of the time charter.
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