Porto-Limnioni

dely Krishnapatnam in d/c 26 Jan, $10,000, for minimum 23/about 26 months, to Phaethon

The Diana Shipping Inc. on Nov 17, 2017, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for the "Naias". The gross charter rate is US$10,000 per day, minus a 5% commission paid to third parties, for a period of about 15 months to maximum 18 months. The charter was expected to commence on Nov 24. The bulkcarrier was chartered, as previously announced, to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of US$7,500 per day, minus a 5% commission paid to third parties. This employment is anticipated to generate approximately US$4.35 million of gross revenue for the minimum scheduled period of the time charter.