Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, today 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 Salt Lake City. The gross charter rate is US$9750/d., minus a 4.75% commission paid to third parties, for a period of minimum 20 months to maximum 23 months. The charter is expected to commence on 14 March 2019.
The Salt Lake City is a 171 810 DWT capesize dry bulk vessel built in 2005.
This employment is anticipated to generate approximately US$5.85 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sales of two panamax dry bulk vessels, m/v Danae and m/v Dione, Diana Shipping Inc.’s fleet will consist of 46 dry bulk vessels (4 newcastlemax, 14 capesize, 5 post-panamax, 5 kamsarmax and 18 panamax). As of this addition, the combined carrying capacity of the company’s fleet, including the m/v Danae and m/v Dione, is approximately 5.7 million DWT with a weighted average age of 9.32 years.