Diana shipping inc. announces time charter contract for m/v san francisco with koch

Athens, greece, feb. 22, 2022 (globe newswire) -- diana shipping inc. (nyse: dsx), (the “company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with koch shipping pte. ltd., singapore, for one of its newcastlemax dry bulk vessels, the m/v san francisco. the gross charter rate is us$30,500 per day, minus a 5% commission paid to third parties, for a period until minimum march 1, 2023 up to maximum may 15, 2023. the charter commenced retroactively as of february 18, 2022. the m/v san francisco was chartered, as previously announced, to olam international limited, singapore, at a gross charter rate of us$17,750 per day for the first one hundred five (105) days of the charter period and us$24,700 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties.
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