Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles. The gross charter rate is US$28,700 per day, minus a 5.00% commission paid to third parties, for a period until minimum October 1, 2025 up to maximum December 15, 2025. The new charter period is expected to commence on July 18, 2024. The m/v Los Angeles is currently chartered, as previously announced, at a gross charter rate of US$17,700 per day, minus a 5.00% commission paid to third parties.
The “Los Angeles” is a 206,104 dwt Newcastlemax dry bulk vessel built in 2012.
The employment extension of “Los Angeles” is anticipated to generate approximately US$12.43 million of gross revenue for the minimum scheduled period of the time charter.
