Diana Shipping Extends Time Charter Contract With Nippon Yusen For m/v Los Angeles
Portfolio Pulse from Benzinga Newsdesk
Diana Shipping has extended its time charter contract with Nippon Yusen for the vessel m/v Los Angeles. The new charter rate is $28,700 per day minus a 5% commission, effective from July 18, 2024, until a period between October 1, 2025, and December 15, 2025.
July 05, 2024 | 3:02 pm
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Diana Shipping has secured a new time charter contract for its vessel m/v Los Angeles with Nippon Yusen at a rate of $28,700 per day minus a 5% commission. This contract will be effective from July 18, 2024, until a period between October 1, 2025, and December 15, 2025.
The extension of the time charter contract at a favorable rate provides revenue visibility and stability for Diana Shipping. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100