Diana Shipping announces time charter contract with Cargill

November 11 2021 Print This Article

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, 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 Myrsini.

The gross charter rate is US$22,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum December 1, 2022 up to maximum January 31, 2023. The charter is expected to commence on November 14, 2021.

The “Myrsini” is a 82,117 dwt Kamsarmax dry bulk vessel built in 2010.

The employment of “Myrsini” is anticipated to generate approximately US$8.29 million of gross revenue for the minimum scheduled period of the time charter.