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Diana Shipping announces delivery of m/v Leonidas P. C.

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Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the owner-ship of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Leonidas P. C. (formerly Magnolia), a 2011 built kamsarmax dry bulk vessel of 82 165 DWT that the company entered into an agreement to purchase in July 2021.

As previously announced, the m/v Leonidas P. C. is time chartered to Cargill International S.A., Geneva, at a gross charter rate of US$24 500/day, minus a 4.75% commission paid to third parties, for a period until minimum 1 March 2023 up to maximum 30 April 2023. The charter is expected to commence on 18 February 2022.

The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Solebay Shipping Cape Co. Ltd, Hong Kong, for one of its capesize dry bulk vessels, the m/v Seattle. The gross charter rate is US$26 500/day, minus a 5% commission paid to third parties, for a period until minimum 1 October 2023 up to maximum 15 December 2023. The charter is expected to commence on 23 February 2022. The m/v Seattle is currently chartered, as previously announced, to Pacbulk Shipping Pte. Ltd., Singapore, at a gross charter rate of US$12 300/day, minus a 5% commission paid to third parties.

The ‘Seattle’ is a 179 362 DWT capesize dry bulk vessel built in 2011.

The employments of Leonidas P. C. and Seattle are anticipated to generate approximately US$24.41 million of gross revenue for the minimum scheduled period of the time charters.

Read the article online at: https://www.drybulkmagazine.com/shipping/22022022/diana-shipping-announces-delivery-of-mv-leonidas-p-c/

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