UPDATE 1-Diana Shipping signs new time-charter contract

* Says gross charter dayrate of $18,000

* Expects $6 mln in revenue from deal

July 10 (Reuters) - Greek dry bulk carrier Diana Shipping Inc (DSX.N) said it signed a time charter contract with a private company for one of its panamex vessels, which is expected to generate about $6 million in revenue.

The contract with Geneva, Switzerland-based Bunge SA is for a minimum of 11 to 13 months, and is expected to commence at the beginning of August, Diana said.

The gross charter rate for the vessel -- the m/v Oceanis -- is $18,000 per day, the company said.

Shares of Diana were down 1 percent at $13.00 in trading before the bell Friday. They closed at $13.12 Thursday on the New York Stock Exchange.

For the alerts, please double click [ID:nWNAB6121] (Reporting by Arup Roychoudhury in Bangalore; Editing by Anne Pallivathuckal) (arup.roychoudhury@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: arup.roychoudhury.reuters.com@reuters.net))