Diana Shipping announces time charter contract with Cargill Ocean Transportation
Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Pegasus.
The gross charter rate is US$15,250 per day, minus a 4.75% commission paid to third parties, for a period until minimum June 1, 2025 up to maximum August 1, 2025. The charter is expected to commence on September 4, 2024. The m/v DSI Pegasus is currently chartered, as previously announced, to Reachy Shipping (SGP) Pte. Ltd., at a gross charter rate of US$14,000 per day, minus a 5.00% commission paid to third parties.
The “DSI Pegasus” is a 60,508 dwt Ultramax dry bulk vessel built in 2015.
The employment of “DSI Pegasus” is anticipated to generate approximately US$4.09 million of gross revenue for the minimum scheduled period of the time charter.