Diana shipping inc. announces time charter contracts for m/v san francisco with olam and m/v aliki with solebay

Athens, greece, march 11, 2021 (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 olam international limited, singapore, for one of its newcastlemax dry bulk vessels, the m/v san francisco, for a period until minimum january 15, 2022 up to maximum march 15, 2022. the gross charter rate is 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. the charter commenced retroactively on february 11, 2021. the m/v san francisco was chartered, as previously announced, to koch shipping pte. ltd., singapore, at a gross charter rate of us$16,000 per day, minus a 5% commission paid to third parties.
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