Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles, for a period of about thirteen months to maximum fifteen months. The daily gross charter rate is 14% above the BCI_2014 average of the five pre-determined time charter routes as published by the Baltic Exchange minus a 5% commission paid to third parties. The charter commenced on January 22, 2017. The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with BG Shipping Co., Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina, for a period of minimum nine months to about twelve months. The gross charter rate is USD 4,500 per day for the first thirty days of the charter period and USD 7,100 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The charter is expected to commence on January 24, 2017.