Diana Shipping Inc., has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bunge SA, Geneva, for one of its ultramax dry bulk vessels, the M/V DSI Andromeda.
The gross charter rate is US$13 500 per day, minus a 5% commission paid to third parties, for a period until minimum 20 February 2025 and up to maximum 20 April 2025. The charter is expected to commence on 24 November 2023.
The DSI Andromeda is a 60 309 DWT ultramax dry bulk vessel built in 2016.
The employment of DSI Andromeda is anticipated to generate approximately US$6.03 million of gross revenue for the minimum scheduled period of the time charter.
Upon the completion of the previously announced sale of m/v Boston, Diana Shipping Inc.’s fleet will consist of 40 dry bulk vessels: four newcastlemax, nine capesize, five post-panamax, six kamsarmax, seven panamax and nine ultramax. The combined carrying capacity of the company’s fleet is approximately 4.7 million DWT with a weighted average age of 10.63 years.
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