Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited for one of its Panamax dry bulk vessels, the m/v Dione. The gross charter rate is $10,350 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen months to about seventeen months. The charter is expected to commence on January 23, 2018. The m/v Dione is currently chartered, as previously announced, to Caravel Shipping Limited, Hong Kong, at a gross charter rate of $7,200 per day for the first ninety (90) days of the charter period and $7,050 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The "Dione" is a 75,172 dwt Panamax dry bulk vessel built in 2001.