Diana Shipping announces time charter contract for m/v Leonidas

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ming Wah International Shipping Company Limited, for one of its Kamsarmax dry bulk vessels, the m/v Leonidas P. C. The gross charter rate is $17,000, minus a 5% commission paid to third parties, for a period until minimum August 20, 2025 up to maximum October 20, 2025. The charter is expected to commence on February 21, 2024. The “Leonidas P. C.” is a 82,165 dwt Kamsarmax dry bulk vessel built in 2011. The employment of “Leonidas P. C.” is anticipated to generate approximately $9.18M of gross revenue for the minimum scheduled period of the time charter.