Diana Shipping Inc. announces time charter contract for dry bulk vessel with Cargill
Published by Alfred Hamer,
Editorial Assistant
Dry Bulk,
Diana Shipping Inc., a global shipping company specialising in the ownership and bareboat charter-in of dry bulk vessels, has announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International SA, Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Medusa. The gross charter rate is US$13 000/d, minus a 4.75% commission paid to third parties, for a period until minimum 15 May 2026 up to maximum 15 July 2026. The charter is expected to commence on 15 March 2025.
The Medusa is an 82 194 dwt Kamsarmax dry bulk vessel built in 2010. The employment of Medusa is anticipated to generate approximately US$5.46 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of m/v Alcmene, Diana Shipping Inc.’s fleet will consist of 37 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the 2H27 and the 1H28, respectively.
As of today, the combined carrying capacity of the Company’s fleet, including the m/v Alcmene and excluding the two vessels not yet delivered, is approximately 4.2 million dwt with a weighted average age of 11.45 years.
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Read the article online at: https://www.drybulkmagazine.com/shipping/13032025/diana-shipping-inc-announces-time-charter-contract-for-dry-bulk-vessel-with-cargill/
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