Benzinga | Jan 28, 2022 01:25PM EST

Diana Shipping Enters Time Charter Contract For Astarte Vessel

* Diana Shipping Inc's (NYSE:DSX) subsidiary entered into a time charter contract with Tongli Shipping Pte. Ltd. for the m/v Astarte vessel built-in 2013.

* The gross charter rate is $21,500 per day, for a period until minimum April 15, 2023, up to maximum June 15, 2023. The charter is expected to commence on January 31, 2022.

* This company expects the employment to generate ~$9.35 million of gross revenue for the minimum scheduled time charter period.

* Diana Shipping's fleet currently consists of 33 dry bulk vessels.

* Price Action: DSX shares are trading lower 0.83% at $3.59 on the last check Friday.