DIANA SHIPPING INC. ANNOUNCES LONG-TERM TIME CHARTER CONTRACT FOR MV PROTEFS
ATHENS, GREECE June 23, 2008 – Diana Shipping Inc. (NYSE: DSX), a global
shipping company specializing in the transportation of dry bulk cargoes, today
announced that it has entered into a time charter contract with Hanjin Shipping
Company Ltd., for one of its Panamax dry bulk carriers, the m/v Protefs, at a gross
rate of US$59,000 per day for a minimum thirty five (35) to a maximum thirty eight
(38) month period.
This employment is expected to generate approximately US$62 million of gross
revenues for the minimum scheduled period of the charter. The charter is expected to
commence during the second half of September 2008.
The Protefs is a 73,630 dwt Panamax dry bulk carrier built in 2004.
About the Company
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.
ATHENS, GREECE June 23, 2008 – Diana Shipping Inc. (NYSE: DSX), a global
shipping company specializing in the transportation of dry bulk cargoes, today
announced that it has entered into a time charter contract with Hanjin Shipping
Company Ltd., for one of its Panamax dry bulk carriers, the m/v Protefs, at a gross
rate of US$59,000 per day for a minimum thirty five (35) to a maximum thirty eight
(38) month period.