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 Myrsini. The gross charter rate is US$13 000/d, minus a 4.75% commission paid to third parties, for a period until minimum 1 January 2026 up to maximum 28 February 2026. The charter is expected to commence on 28 February 2025.
The Myrsini is a 82 117 dwt Kamsarmax dry bulk vessel built in 2010. The employment of Myrsini is anticipated to generate approximately US$3.95 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 2H27 and 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 11.39 years.
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