Diana Shipping enters time charter contract with Uniper

Diana Shipping Inc., a global shipping company specialising 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 Uniper Global Commodities SE, Düsseldorf, for one of its panamax dry bulk vessels, the m/v Leto. The gross charter rate is US$13 000/day, minus a 5% commission paid to third parties, for a period of minimum 11 months to maximum 13 months. The charter is expected to commence on 31 May 2019. The m/v Leto is currently chartered, as previously announced, to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of US$12 500/day, minus a 5% commission paid to third parties.