Diana Shipping Signs Time Charter Contract With Cargill
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Santa Barbara.
The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$20,250 per day, minus a 4.75% commission paid to third parties, for a period of about 18 months to about 19 months. The new charter period is expected to commence on April 24, 2018.
The m/v Santa Barbara is currently chartered, as previously announced, at a gross charter rate of US$12,000 per day, minus a 4.75% commission paid to third parties.
The “Santa Barbara” is a 179,426 dwt Capesize dry bulk vessel built in 2015.
The Company also 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 Kamsarmax dry bulk vessels, the m/v Myrto.
The gross charter rate is US$14,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum 13 months to maximum 15 months. The charter is expected to commence on April 24, 2018.
The m/v Myrto is currently chartered, as previously announced, at a gross charter rate of US$8,000 per day, minus a 4.75% commission paid to third parties, for the agreed period of the time charter.
The “Myrto” is a 82,131 dwt Kamsarmax dry bulk vessel built in 2013.
The employment extension of “Santa Barbara” as well as the employment of “Myrto” are anticipated to generate approximately US$16.09 million of gross revenue for the minimum scheduled period of the time charters.
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 8.65 years.
