DSX - Diana Shipping signs new time charter contract for m/v Los Angeles

Diana Shipping (NYSE:DSX) has announced a new time charter contract for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles. The 206,104 dwt vessel has been chartered at US$26,250 per day, minus a 5% commission paid to third parties, to Koch Shipping for a period until minimum January 15, 2023 up to maximum March 15, 2023. The charter commenced retroactively as of January 30, 2022. The vessel was previously chartered to Engelhart CTP Freight (Switzerland) at US$14,250 per day. The latest employment is anticipated to generate ~US$9.06M of gross revenue for the minimum scheduled period of the time charter.

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Diana Shipping signs new time charter contract for m/v Los Angeles