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Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that it has entered into a time charter contract with Hyundai Merchant Marine Co. Ltd, Seoul, South Korea, for one of its Panamax dry bulk carriers, the m/v Erato, at a gross rate of US$12,200 per day, minus a 5% commission paid to third parties for a minimum thirteen (13) to about sixteen (16) month period. The charter is expected to commence early December 2011.

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This employment is expected to generate approximately US$4.76 million of gross revenues for the minimum scheduled period of the charter.

Read full article at : http://stock-pr.com/?p=20686

           

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