Diana Shipping Inc. announces time charter contracts for m/v Santa Barbara with Cargill and m/v Salt Lake City with C Transport, says a press release published on their website.
Time charter contract with Cargill
Diana Shipping Inc. (NYSE: DSX), announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Santa Barbara.
Charter rate
The gross charter rate is US$17,250 per day, minus a 4.75% commission paid to third parties, for a period until minimum January 5, 2022 up to maximum March 5, 2022.
About the vessel
The “Santa Barbara” is a 179,426 dwt Capesize dry bulk vessel built in 2015.
Time charter contract with C Transport
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v Salt Lake City.
Charter rate
The gross charter rate is US$13,000 per day, minus a 5% commission paid to third parties, for a period until minimum April 1, 2022 up to maximum June 30, 2022.
About the vessel
The “Salt Lake City” is a 171,810 dwt Capesize dry bulk vessel built in 2005.
Anticipated gross revenue
The employments of “Santa Barbara” and “Salt Lake City” are anticipated to generate approximately US$11.89 million of gross revenue for the minimum scheduled period of the time charters.
Diana’s fleet
Upon completion of the previously announced sales of two Panamax dry bulk vessels, the m/v Coronis and the m/v Oceanis, and one Capesize dry bulk vessel, the m/v Sideris GS, Diana Shipping Inc.’s fleet will consist of 37 dry bulk vessels:
- 4 Newcastlemax,
- 12 Capesize,
- 5 Post-Panamax,
- 5 Kamsarmax and
- 11 Panamax.
As of today, the combined carrying capacity of the Company’s fleet, including the m/v Coronis, the m/v Oceanis and the m/v Sideris GS, is approximately 5.0 million dwt with a weighted average age of 10.26 years.
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Source : Diana Shipping Inc.
