Diana Shipping Inc. Announces Time Charter Contract for m/v Sideris GS with Oldendorff

Diana Shipping Inc., 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 Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, for one of its Capesize dry bulk vessels, the m/v Sideris GS. The gross charter rate is US$12,700 per day, minus a 5% commission paid to third parties, for a period until minimum October 15, 2020 up to maximum December 31, 2020. The charter is expected to commence on March 8, 2020.

Image: Diana Shipping Inc.

The “Sideris GS” is a 174,186 dwt Capesize dry bulk vessel built in 2006.

This employment is anticipated to generate approximately US$2.76 million of gross revenue for the minimum scheduled period of the time charter.
Source: Diana Shipping Inc.