Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Shipping Limited, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is USD 16,000 per day, minus a 5% commission paid to third parties, for a period until minimum March 1, 2025 up to maximum April 30, 2025. The charter is expected to commence on May 2, 2024.

The ?Leto? is a 81,297 dwt Panamax dry bulk vessel built in 2010. The employment of ?Leto?

is anticipated to generate approximately USD 4.75 million of gross revenue for the minimum scheduled period of the time charter.