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 Capesize dry bulk vessels, the m/v Salt Lake City. The gross charter rate is US$9,750 per day, minus a 4.75% commission paid to third parties, for a period of minimum twenty (20) months to maximum twenty-three (23) months. The charter is expected to commence on March 14, 2019.
The “Salt Lake City” is a 171,810 dwt Capesize dry bulk vessel built in 2005.
This employment is anticipated to generate approximately US$5.85 million of gross revenue for the minimum scheduled period of the time charter.