Diana Shipping Inc. announced that it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is USD 12,700 per day, minus a 5% commission paid to third parties, for a period of minimum twelve months to maximum fifteen months. The charter commenced on January 13, 2018. The m/v Phaidra was previously chartered to Jera Trading Singapore Pte. Ltd. at a gross charter rate of USD 7,750 per day, minus a 5% commission paid to third parties, for the agreed period of the time charter. The “Phaidra” is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013. This employment is anticipated to generate approximately USD 4.57 million of gross revenue for the minimum scheduled period of the time charter.