Diana Shipping announces time charter contract with Glencore
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 Glencore Freight Pte. Ltd., for one of its Capesize dry bulk vessels, the m/v P. S. Palios.
The gross charter rate is US$25,200, minus a 5.00% commission paid to third parties, for a period until minimum November 15, 2026 up to maximum January 15, 2027. The charter is expected to commence on December 14, 2025.
The “P. S. Palios” is a 179,134 dwt Capesize bulk vessel built in 2013.
The employment of “P. S. Palios” is anticipated to generate a total of approximately US$8.34 million of gross revenue for the minimum scheduled period of the time charter.