Diana Shipping Inc. Announces Time Charter Contract for M/V Thetis

Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, Friday announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers,
the m/v Thetis, at a gross charter rate of US$13,750 per day, minus 5% commission paid to third parties, for a period of minimum eleven months (11) to maximum fourteen (14) months. The charter is expected to commence mid-February 2011.
This employment is anticipated to generate approximately US$4.5 million of gross revenue for the minimum scheduled period of the charter.
The m/v Thetis is a 73,583 dwt Panamax dry bulk carrier built in 2004.
Diana Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.
Source: Diana Shipping Inc.