NYK Line and Diana Shipping enter contract

Diana Shipping Inc., a global shipping company specialising in the owner-ship of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is US$15 500/d, minus a 5% commission paid to third parties, for a period until minimum 25 January 2022 up to maximum 25 March 2022. The charter commenced on 3 December 2020. The m/v New Orleans was chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$15 000/d, minus a 4.75% commission paid to third parties.