The company also announced that, through the same wholly-owned subsidiary, it entered into a time charter contract with Cargill Ocean Transportation Singapore Pte. Ltd. at a gross charter rate of US$17 100 per day, minus a 4.75% commission paid to third parties, for a period of minimum 10 months to a maximum 12 months. The charter is expected to commence on 15 October 2022.
The employment of DSI Pyxis is anticipated to generate approximately US$5.13 million of gross revenue for the minimum scheduled period of the time charter.
Including the newly delivered m/v DSI Pyxis, Diana Shipping Inc.’s fleet currently consists of 35 dry bulk vessels (4 newcastlemax, 11 capesize, 5 post-panamax, 6 kamsarmax, 8 panamax and 1 ultramax). The company also expects to take delivery of eight ultramax dry bulk vessels in the 4Q22. The combined carrying capacity of the company’s fleet, excluding the eight ultramax dry bulk vessels not yet delivered, is approximately 4.4 million dwt with a weighted average age of 10.34 years.