Diana Shipping Secures New Time Charter Contract

Diana Shipping secures a new time charter contract for its dry bulk vessel, m/v Leonidas P. C., with Ming Wah International Shipping Company Limited, at a daily gross charter rate of $17,000. The charter period extends from February 21, 2024, to October 20, 2025, with a possibility of extension. The company's fleet consists of 39 dry bulk vessels, with a combined carrying capacity of around 4.5 million dwt. The company's management is optimistic about its chartering strategy, considering its market capitalization of $313.5 million, a low P/E ratio of 4.7, and a gross profit margin of 65.21% for the same period as of Q3 2023.