Diana Shipping Announces Glencore Contract
Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, the m/v Myrto.
The gross charter rate is $9,850 per day minus a 5% commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The charter is expected to commence on January 7, 2015.
The Myrto is a 82,131 dwt Kamsarmax dry bulk vessel built in 2013.
This employment is anticipated to generate approximately $3.25 million of gross revenue for the minimum scheduled period of the time charter.