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Set Sail with Diana Shipping Inc: New Time Charter Contract for m/v Maia with Paralos Shipping Announced!

Set Sail with Diana Shipping Inc: New Time Charter Contract for m/v Maia with Paralos Shipping Announced!

A New Venture for Diana Shipping Inc

ATHENS, Greece, Dec. 05, 2024 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), a renowned global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, has recently made an exciting announcement. The Company, through one of its wholly-owned subsidiaries, has successfully secured a time charter contract with Paralos Shipping Pte. Ltd. for its Kamsarmax dry bulk vessel, the m/v Maia.

Gross Charter Rate and Other Details

The gross charter rate agreed upon for this contract is US$11,600 per day, with a 5.00% commission being paid to third parties. The duration of the charter is set from minimum November 1, 2025, up to maximum December 31, 2025. The commencement of the charter is scheduled for December 9, 2024.

This new partnership marks a significant milestone for Diana Shipping Inc., further solidifying its position in the global shipping industry. The Company’s commitment to providing efficient and reliable shipping services is evident through ventures like these.

Impact on Individuals

As an individual, this announcement may not have a direct impact on you. However, it is essential to recognize the significance of such business ventures in driving economic growth and global trade. Shipping companies play a vital role in ensuring the smooth transportation of goods across borders, contributing to various industries’ success.

Impact on the World

The collaboration between Diana Shipping Inc. and Paralos Shipping Pte. Ltd. is set to have a broader impact on the world. Efficient shipping operations are crucial for international trade and the global economy. By entering into this time charter contract, both companies are supporting the movement of goods and fostering economic development on a larger scale.

Conclusion

In conclusion, the new time charter contract for m/v Maia between Diana Shipping Inc. and Paralos Shipping Pte. Ltd. signifies a strategic move towards enhancing shipping operations and bolstering global trade. As this partnership unfolds, we can anticipate positive outcomes for both companies and the broader maritime industry.

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