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Time charter contract agreed for Kamsarmax dry bulk vessel

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Dry Bulk,

Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Solebay Shipping Transocean Company Limited, for one of its Kamsarmax dry bulk vessels, the m/v Myrto. The gross charter rate is US$28 500/d, minus a 5% commission paid to third parties, for a period until minimum 15 August 2022 up to maximum 15 October 2022.

The charter commenced on 10 September 2021. The m/v Myrto was chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$10 000/d, minus a 4.75% commission paid to third parties.

The Myrto is a 82 131 DWT Kamsarmax dry bulk vessel built in 2013.

The employment of Myrto is anticipated to generate approximately US$9.55 million of gross revenue for the minimum scheduled period of the time charter.

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