Diana Shipping Fixes Phaidra with Uniper

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra.

The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$10,800 per day, minus a 5% commission paid to third parties, for a period of about 14 months to about 16 months.

The new charter period is expected to commence on April 11, 2019. The “Phaidra” is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$4.37 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sale of one Panamax dry bulk vessel, the m/v Dione, Diana Shipping Inc.’s fleet will consist of 46 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 18 Panamax).

As of today, the combined carrying capacity of the Company’s fleet, including the m/v Dione, is approximately 5.6 million dwt with a weighted average age of 9.19 years.