Diana Shipping Announces Charter Contract
August 12, 2005
Diana Shipping Inc., a global shipping transportation company specializing in dry bulk
cargoes, announced that it has entered one of its Panamax dry bulk
carriers, the Oceanis, into a time-charter contract with J.B. Ugland Dry Bulk
A/S for a period of approximately 24 days, estimated to begin on August 22,
2005, at a gross rate of $12,500 per day plus a $198,000 one-time payment.
Applying the above mentioned one-time payment to this fixture, and based on
the estimated duration of 24 days, the effective gross time charter rate per
day increases by approximately $8,250 per day to approximately $20,750 per
day. The Oceanis is a Panamax dry bulk carrier of 75,211 dwt built in Korea
in 2001.
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