Benzinga | Dec 17, 2020 08:53AM EST

Diana Shipping Inc. Announces Direct Continuation Of Time Charter Contract For m/v Baltimore With Koch

ATHENS, Greece, Dec. 17, 2020 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX), (the "Company"), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Baltimore. The gross charter rate is US$13,000 per day, minus a 5% commission paid to third parties, for a period until minimum July 20, 2021 up to maximum October 5, 2021. The new charter period is expected to commence on December 20, 2020.