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Diana Shipping Inc. announces time charter contract with Bunge

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Dry Bulk,

Diana Shipping Inc., a global shipping company specialising in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bunge S.A., Geneva, for one of its capesize dry bulk vessels, to be named ‘Florida’.

The gross charter rate is US$25 900/d, minus a 5% commission paid to third parties, for a period of minimum 58 months to maximum 62 months.

The charter is expected to commence on 29 March 2022.

As previously announced on 3 December 2021, the m/v Florida is a 2022 Japanese new-building capesize dry bulk vessel of approximately 181 500 DWT that the company entered into an agreement to purchase in December 2021. The vessel is now expected to be delivered to the company by the sellers by 29 March 2022.

The employment of ‘Florida’ is anticipated to generate approximately US$45.07 million of gross revenue for the minimum scheduled period of the time charter.

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