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xanadu90

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xanadu90

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Friday, 02/22/2008 10:02:34 AM

Friday, February 22, 2008 10:02:34 AM

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DSX $30.45 Diana Shipping in charter contract with Cosco Bulk Carrier
Fri Feb 22, 2008 9:22am EST

Feb 22 (Reuters) - Greek dry-bulk carrier Diana Shipping Inc (DSX.N: Quote, Profile, Research) said it entered into a long-term time charter contract with Cosco Bulk Carrier Co Ltd, Tianjin, which is expected to generate gross revenue of about $42 million.

The company said the contract is for one of its Panamax dry bulk carriers, the Nirefs, at a gross rate of $60,500 per day for a minimum of 23 months to a maximum of 25 months. (Reporting by Manish Gupta in Bangalore; Editing by Pratish Narayanan)

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