This employment is anticipated to generate approximately US$42 million of gross revenues for the minimum scheduled period of the charter. The charter is expected to commence in the beginning of March, 2008.
The Nirefs is a 75,311 dwt Panamax dry bulk carrier built in 2001.
Diana Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.