Diana Shipping announces time charter contract for m/v P.S. Palios

Diana Shipping has entered into a time charter contract with Bohai Shipping Co., Ltd, for one of its Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is $27,150 per day, minus a 5% commission paid to third parties, for a period until minimum November 1, 2025 up to maximum December 31, 2025. The charter is expected to commence on May 12, 2024. The “P. S. Palios” is a 179,134 dwt Capesize dry bulk vessel built in 2013. The employment of “P. S. Palios” is anticipated to generate approximately $14.39 million of gross revenue for the minimum scheduled period of the time charter.