Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that a wholly-owned subsidiary has entered into a time charter contract with Cargill International S.A., Geneva, for its Ice Class Panamax dry bulk vessel, the m/v Atalandi. The charter is expected to commence on July 19, 2024.
Charter Details
The m/v Atalandi, a 77,529 dwt Ice Class Panamax dry bulk vessel built in 2014, will be chartered at a gross rate of US$14,600 per day, minus a 4.75% commission paid to third parties. The contract period extends from a minimum of June 1, 2025, to a maximum of July 31, 2025. This arrangement is anticipated to generate approximately US$4.57 million of gross revenue for the minimum period of the time charter.
Fleet Overview
Upon the completion of the previously announced sale of m/v Houston, Diana Shipping Inc.’s fleet will consist of 38 dry bulk vessels, including 4 Newcastlemax,8 Capesize, Post-Panamax,6 Kamsarmax,6 Panamax and 9 Ultramax
Additionally, the Company expects to take delivery of two methanol dual-fuel new-building Kamsarmax dry bulk vessels in the second half of 2027 and the first half of 2028. As of now, the combined carrying capacity of the fleet, including the m/v Houston and excluding the two undelivered vessels, is approximately 4.4 million dwt with a weighted average age of 10.94 years. A detailed table of the current fleet is available on the Company’s website.
About Diana Shipping Inc.
Diana Shipping Inc. provides global shipping transportation services through the ownership and bareboat charter-in of dry bulk vessels. These vessels primarily operate on short to medium-term time charters, transporting a variety of dry bulk cargoes such as iron ore, coal, grain, and other materials across worldwide shipping routes.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe
Source: Diana Shipping Inc.
