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Diana Shipping Inc. announces time charter contract with Cargill

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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 Cargill International S.A., Geneva, for one of its panamax dry bulk vessels, the m/v Artemis.

The gross charter rate is US$21 250/d, minus a 4.75% commission paid to third parties, for a period until minimum 20 June 2023 up to maximum 20 August 2023. The charter commenced earlier on 21 March 2022.

The m/v Artemis was chartered, as previously announced, to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of US$10 250/d, minus a 5% commission paid to third parties.

The ‘Artemis’ is a 76 942 DWT panamax dry bulk vessel built in 2006.

The employment of ‘Artemis is anticipated to generate approximately US$9.54 million of gross revenue for the minimum scheduled period of the time charter.

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