Diana Shipping Signs Charter Contract with Koch for M/V San Francisco

Diana Shipping Inc. (DSI) announced on May 10 that the company has signed a time charter contract with Koch Shipping Pte. Ltd. Diana will charter the M/V San Francisco, a Newcastlemax dry bulk vessel that was built in 2018. This employment will take place over 10-12 months and is expected to generate approximately $6.96 million in gross revenue for the minimum scheduled period of the charter.

 

Sonal alerted its subscribers about the event at 8:55 am. The next trade occurred at 9:24 am for $4.15. The stock opened for regular market trading at $4.04. Diana’s stock price continued to climb over the next five trading sessions before closing at $4.36 on May 17.

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