Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, yesterday announced that it has entered into a time charter contract with Resource Marine Pte., Ltd, Singapore, a guaranteed nominee of Macquarie Bank Limited, for one of its Panamax dry bulk carriers, the m/v Triton, at a gross charter rate of US$19,500 per day for a period of minimum thirty-five (35) to maximum thirty-eight (38) months. The charter is expected to commence at the beginning of December 2010.
This employment is anticipated to generate approximately US$20.5 million of gross revenue for the minimum scheduled period of the charter.
The m/v Triton is a 75,336 dwt Panamax dry bulk carrier built in 2001.
Diana Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.