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 agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.
The gross charter rate is US$11,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum eleven months to about thirteen months. The new charter period commenced on November 15, 2019.
The “Polymnia” is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012.
This employment is anticipated to generate approximately US$3.63 million of gross revenue for the minimum scheduled period of the time charter.