Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Baltimore, for a period of minimum thirteen months to about sixteen months. The gross charter rate is $11,300 per day, minus a 4.75% commission paid to third parties. The new charter period is expected to commence on February 3, 2017. The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Noble Resources International Pte. Ltd. for one of its Panamax dry bulk vessels, the m/v Arethusa. The gross charter rate is $7,200 per day, minus a 5% commission paid to third parties, for a period of minimum ten months to maximum fourteen months. The charter commenced on January 23, 2017.