Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Amphitrite
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Diana Shipping Inc. has announced the extension of a time charter contract for its vessel m/v Amphitrite with Cobelfret S.A. The contract includes a gross charter rate of $8,750 per day for the first 50 days and $12,100 per day thereafter, minus a 5% commission, lasting until early 2026.
December 24, 2024 | 2:45 pm
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Diana Shipping Inc. has secured a time charter extension for its vessel m/v Amphitrite, ensuring stable revenue with a tiered daily rate structure until early 2026.
The extension of the time charter contract for m/v Amphitrite provides Diana Shipping Inc. with a predictable revenue stream, which is positive for the company's financial stability. The tiered rate structure, with an increase after the initial period, suggests potential for increased earnings. This development is significant for investors as it reflects the company's ability to secure long-term contracts, which is crucial in the shipping industry.
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