Diana Shipping (DSX) entered into a time charter contract with Oldendorff Carriers GmbH & Co. KG, for one of its Post-Panamax dry bulk vessels, the m/v Electra. The gross charter rate is $14,000, minus a 5.00% commission paid to third parties, for a period until minimum December 1, 2026 up to maximum January 31, 2027. The charter is expected to commence on December 4, 2025. The “Electra” is an 87,150 dwt Post-Panamax bulk vessel built in 2013. The employment of “Electra” is anticipated to generate approximately $5.00 million of gross revenue for the minimum scheduled period of the time charter.
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