Diana Shipping announces time charter contract with Cargill
Diana Shipping Inc. has 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 Kamsarmax dry bulk vessels, the m/v Leonidas P.C.
The gross charter rate is US$17 000/d, minus a 4.75% commission paid to third parties, for a period of minimum 11 months to maximum 13 months.
The Leonidas P.C. is an 82 165 dwt Kamsarmax dry bulk vessel built in 2011.
The employment of Leonidas P.C. is anticipated to generate approximately US$5.61 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax). The company also expects to take delivery of 1 Ultramax dry bulk vessel by the beginning of April of 2023. The combined carrying capacity of the company’s fleet, excluding the 1 Ultramax dry bulk vessel not yet delivered, is approximately 4.7 million dwt with a weighted average age of 9.95 years.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/23032023/diana-shipping-announces-time-charter-contract-with-cargill/
You might also like
North American rail traffic sees gains
The AAR has reported US rail traffic for the week ending 20 April 2024.