Diana Shipping Announces Time Charter Contract With Cobelfret With Gross Charter Rate At $12,650/Day Minus 5% Commission To Third Parties Until November 1, 2024 At Minimum And Up To January 15, 2025 Maximum
Portfolio Pulse from Benzinga Newsdesk
Diana Shipping has announced a time charter contract with Cobelfret. The gross charter rate is set at $12,650 per day, minus a 5% commission to third parties. The contract is set to last until at least November 1, 2024, and at most until January 15, 2025.
July 13, 2023 | 1:23 pm
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POSITIVE IMPACT
The new contract with Cobelfret could provide a steady stream of revenue for Diana Shipping until 2025. The impact on the company's stock is likely to be positive in the short term.
The announcement of a new contract usually has a positive impact on a company's stock as it represents a new source of revenue. The duration of the contract, extending potentially until 2025, ensures a steady income stream for Diana Shipping, which is likely to be viewed favorably by investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100