Diana Shipping Inc., a global shipping company focused on the ownership and bareboat charter-in of dry bulk vessels, has entered into a time charter agreement with Cargill International SA for one of its Panamax dry bulk vessels, the m/v Leto.
Time charter agreement
The gross charter rate is US$12,750 per day, minus a 4.75% commission to third parties, with the contract running until a minimum of July 16, 2026, and a maximum of September 16, 2026.
The time charter is expected to commence on March 31, 2025. The m/v Leto, a Panamax dry bulk vessel with a deadweight tonnage (dwt) of 81,297, was built in 2010.
The vessel is anticipated to generate approximately US$5.93 million in gross revenue for the minimum scheduled period of the charter.
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Source: Diana Shipping Inc.
