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BRIEF-Diana Shipping Inc announces time charter contracts for M/V Astarte, M/V Erato

May 25 Diana Shipping Inc

* Diana Shipping Inc announces time charter contracts for M/V Astarte with Glencore and M/V Erato with Phaethon

* Entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, M/V Astarte

* Through a unit, entered into a time charter contract with Phaethon International Company, for one Panamax dry bulk vessels, M/V Erato

* Charter is expected to commence on June 12, 2017

* Gross charter rate for M/V Erato is $7,250 per day for a period of about five months up to December 30, 2017

* Gross charter rate for M/V Astarte is $9,000 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen

* Employments of "Astarte" and "Erato" anticipated to generate about US$4.76 million of gross revenue for minimum scheduled period of time charters Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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