Diana Shipping Inc. Announces Time Charter With Cargill

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Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini, says a press release published on their website.

Gross charter rate

The gross charter rate is US$22,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum December 1, 2022 up to maximum January 31, 2023. The charter is expected to commence on November 14, 2021.

The “Myrsini” is a 82,117 dwt Kamsarmax dry bulk vessel built in 2010.

The employment of “Myrsini” is anticipated to generate approximately US$8.29 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet

Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 10 Panamax). The Company also expects to take delivery of one Kamsarmax dry bulk vessel by the end of February 2022. As of today, the combined carrying capacity of the Company’s fleet, excluding the one vessel not yet delivered, is approximately 4.6 million dwt with a weighted average age of 10.65 years.

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Source: DianaShipping

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