Diana Shipping Inc., a global shipping company, has announced a new time charter contract for its Ultramax dry bulk vessel, the m/v DSI Andromeda, with Cargill Ocean Transportation (Singapore) Pte. Ltd.
Time charter
The charter will commence on March 29, 2025, providing a gross rate of $14,000 per day, net of a 4.75% commission, for a duration extending until at least November 15, 2025, and potentially up to January 15, 2026. This contract is expected to generate approximately $3.18 million in gross revenue over the minimum period.
The DSI Andromeda, built in 2016, is currently chartered to Bunge SA at a lower rate.
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Source: Diana Shipping Inc.
