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Diana Shipping (DSX) Enters Time Charter Contract for m/v Triton

September 28, 2009 9:22 AM EDT
DSX Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

Revenue Growth %: -17.0%
Diana Shipping Inc. (NYSE: DSX) today announced that it has entered into a time charter contract with Intermare Transport GmbH, Hamburg, for one of its Panamax dry bulk carriers, the m/v Triton, at a gross charter rate of US$17,000 per day for a period of minimum eleven to about thirteen months. The charter is expected to commence in the middle of October 2009.

This employment is anticipated to generate approximately US$5.6 million of gross revenue for the minimum scheduled period of the charter.

The m/v Triton is a 75,336 dwt Panamax dry bulk carrier built in 2001.

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