DSX - Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Pollux With Cargill Ocean Transportation | Benzinga
ATHENS, Greece, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX), (the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd. for one of its Ultramax dry bulk vessels, the m/v DSI Pollux. The gross charter rate is US$14,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum August 20, 2025 up to maximum October 20, 2025. The charter is expected to commence on December 27, 2023.
The "DSI Pollux" is a 60,446 dwt Ultramax dry bulk vessel built in 2015.
The employment of "DSI Pollux" is anticipated to generate approximately US$8.32 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.'s fleet currently consists of 40 dry bulk vessels: 4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax. As of today, the combined carrying capacity of the Company's fleet is approximately 4.5 million dwt with a weighted average age of 10.50 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company's website, www.dianashippinginc.com. Information contained on the Company's website ...