Diana Shipping TC for m/v Salt Lake City with Cargill

Maritime Activity Reports, Inc.

April 30, 2018

Salt Lake City. Photo: Diana Shipping Inc

Salt Lake City. Photo: Diana Shipping Inc

 Diana Shipping 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 Capesize dry bulk vessels, the m/v Salt Lake City. 

 
The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$16,250 per day, minus a 4.75% commission paid to third parties, for a period of minimum eight months to maximum 10 months. 
 
The charter is expected to commence on May 1, 2018. The m/v Salt Lake City is currently chartered, as previously announced, to Uniper Global Commodities SE, Düsseldorf, at a gross charter rate of US$9,000 per day, minus a 5% commission paid to third parties.
 
The “Salt Lake City” is a 171,810 dwt Capesize dry bulk vessel built in 2005.
 
This employment is anticipated to generate approximately US$3.9 million of gross revenue for the minimum scheduled period of the time charter.
 
Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.69 years.
 
Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week

Subscribe for Maritime Reporter E-News