Diana Shipping announces time charter contract for m/v Semirio

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$14,150 per day, minus a 5% commission paid to third parties, for a period until minimum November 20, 2024 up to maximum January 30, 2025. The charter is expected to commence on August 20, 2023. The “Semirio” is an 174,261 dwt Capesize dry bulk vessel built in 2007. The employment of “Semirio” is anticipated to generate approximately US$6.38 million of gross revenue for the minimum scheduled period of the time charter.