{"id":405511,"date":"2020-12-24T09:22:06","date_gmt":"2020-12-24T14:22:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405511"},"modified":"2020-12-24T09:22:06","modified_gmt":"2020-12-24T14:22:06","slug":"diana-shipping-inc-announces-time-charter-contract-for-m-v-semirio-with-swissmarine","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/diana-shipping-inc-announces-time-charter-contract-for-m-v-semirio-with-swissmarine\/","title":{"rendered":"Diana Shipping Inc. Announces Time Charter Contract for m\/v Semirio With SwissMarine"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">ATHENS, Greece, Dec.  24, 2020  (GLOBE NEWSWIRE) &#8212; Diana Shipping Inc. (NYSE: DSX), (the \u201cCompany\u201d), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Capesize dry bulk vessels, the m\/v Semirio. The gross charter rate is US$13,500 per day, minus a 5% commission paid to third parties, for a period until minimum October 5, 2021 up to maximum December 20, 2021. The charter is expected to commence on January 1, 2021.\u00a0<\/p>\n<p align=\"justify\">The \u201cSemirio\u201d is a 174,261 dwt Capesize dry bulk vessel built in 2007.<\/p>\n<p align=\"justify\">This employment is anticipated to generate approximately US$3.7 million of gross revenue for the minimum scheduled period of the time charter.<\/p>\n<p align=\"justify\">Upon completion of the previously announced sales of two Panamax dry bulk vessels, the m\/v Coronis and the m\/v Oceanis, and one Capesize dry bulk vessel, the m\/v Sideris GS, Diana Shipping Inc.\u2019s fleet will consist of 37 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 11 Panamax). As of today, the combined carrying capacity of the Company\u2019s fleet, including the m\/v Coronis, the m\/v Oceanis and the m\/v Sideris GS\u00a0 is approximately 5.0 million dwt with a weighted average age of 10.22 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company\u2019s website, www.dianashippinginc.com. Information contained on the Company\u2019s website does not constitute a part of this press release.<\/p>\n<p align=\"justify\">\n        <strong>About the Company<\/strong>\n      <\/p>\n<p align=\"justify\">Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company\u2019s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.<\/p>\n<p align=\"justify\">\n        <strong>Cautionary Statement Regarding Forward-Looking Statements <\/strong>\n      <\/p>\n<p align=\"justify\">Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.<\/p>\n<p align=\"justify\">The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintends,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cpending\u201d and similar expressions identify forward-looking statements.<\/p>\n<p align=\"justify\">The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management\u2019s examination of historical operating trends, data contained in the Company\u2019s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company\u2019s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.<\/p>\n<p align=\"justify\">In addition to these important factors, other important factors that, in the Company\u2019s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses\u2019 and governments\u2019 responses to the pandemic on our operations, personnel, and on the demand for seaborne transportation of bulk products; the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company\u2019s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company\u2019s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see the Company\u2019s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNzUzNiMzODk2MDI0IzIwMTkxNzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/1a7cead7-385a-413d-a1e7-c9cd0a567eb7\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Corporate Contact: \r\nIoannis Zafirakis \r\nDirector, Interim Chief Financial Officer, \r\nChief Strategy Officer, Treasurer and Secretary \r\nTelephone: + 30-210-9470-100 \r\nEmail: izafirakis@dianashippinginc.com \r\nWebsite: www.dianashippinginc.com \r\n\r\nInvestor and Media Relations: \r\nEdward Nebb \r\nComm-Counsellors, LLC \r\nTelephone: + 1-203-972-8350 \r\nEmail: enebb@optonline.net<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ATHENS, Greece, Dec. 24, 2020 (GLOBE NEWSWIRE) &#8212; Diana Shipping Inc. (NYSE: DSX), (the \u201cCompany\u201d), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Capesize dry bulk vessels, the m\/v Semirio. The gross charter rate is US$13,500 per day, minus a 5% commission paid to third parties, for a period until minimum October 5, 2021 up to maximum December 20, 2021. The charter is expected to commence on January 1, 2021.\u00a0 The \u201cSemirio\u201d is a 174,261 dwt Capesize dry bulk vessel built in 2007. This employment is anticipated to generate approximately US$3.7 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/diana-shipping-inc-announces-time-charter-contract-for-m-v-semirio-with-swissmarine\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Diana Shipping Inc. Announces Time Charter Contract for m\/v Semirio With SwissMarine&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405511","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Diana Shipping Inc. Announces Time Charter Contract for m\/v Semirio With SwissMarine - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/diana-shipping-inc-announces-time-charter-contract-for-m-v-semirio-with-swissmarine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diana Shipping Inc. Announces Time Charter Contract for m\/v Semirio With SwissMarine - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATHENS, Greece, Dec. 24, 2020 (GLOBE NEWSWIRE) &#8212; Diana Shipping Inc. (NYSE: DSX), (the \u201cCompany\u201d), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Capesize dry bulk vessels, the m\/v Semirio. The gross charter rate is US$13,500 per day, minus a 5% commission paid to third parties, for a period until minimum October 5, 2021 up to maximum December 20, 2021. The charter is expected to commence on January 1, 2021.\u00a0 The \u201cSemirio\u201d is a 174,261 dwt Capesize dry bulk vessel built in 2007. This employment is anticipated to generate approximately US$3.7 &hellip; Continue reading &quot;Diana Shipping Inc. 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