Diana Shipping Unit Extends Time Charter Contract With Oldendorff Carriers for Polymnia Vessel

MT Newswires Live05-15

Diana Shipping (DSX) said Friday that a subsidiary has extended the time charter contract with Oldendorff Carriers for Post-Panamax dry bulk vessel m/v Polymnia.

The shipping company said the gross charter rate is $20,000 per day, minus a 5% commission paid to third parties, under the new charter period beginning June 1 through March 1, 2027, at the earliest and April 30, 2027, at the latest.

Diana Shipping said it expects the extension to generate about $5.4 million of gross revenue for the minimum scheduled period of the time charter.

Shares of Diana Shipping were down 1.5% in early trading Friday.

Price: 2.72, Change: -0.04, Percent Change: -1.52

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