Diana Shipping Inc. Announces Direct Continuation Of Time Charter Contract For m/v Seattle With Solebay; Gross Charter Rate Is $17,500 Per Day, Minus A 5% Commission Paid To Third Parties
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Diana Shipping Inc. (NYSE:DSX) has announced a direct continuation of a time charter contract with Solebay Shipping Cape Company Limited for its Capesize dry bulk vessel, the m/v Seattle. The gross charter rate is $17,500 per day, minus a 5% commission paid to third parties, until at least July 15, 2025. The new charter period is expected to start on October 1, 2023. The employment of the vessel is expected to generate approximately $11.27 million of gross revenue for the minimum scheduled period of the time charter.
September 28, 2023 | 1:22 pm
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POSITIVE IMPACT
Diana Shipping's continuation of the time charter contract with Solebay Shipping is expected to generate significant revenue, which could positively impact the company's financial performance and potentially its stock price.
The continuation of the time charter contract is a positive development for Diana Shipping as it ensures a steady stream of revenue for the company until at least mid-2025. This could improve the company's financial performance and potentially lead to a positive reaction in the stock market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100