DSX - Diana Shipping announces time charter contract for m/v Artemis with Cargill

Diana Shipping (NYSE:DSX) through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International for one of its Panamax dry bulk vessels, the m/v Artemis. The gross charter rate is $21,250/day, minus a 4.75% commission paid to third parties, for a period until minimum June 20, 2023 up to maximum Aug. 20, 2023; charter commenced earlier today. The employment of Artemis is anticipated to generate ~$9.54M of gross revenue for the minimum scheduled period of the time charter. The m/v Artemis was chartered, as earlier announced, to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of $10,250/day, minus a 5% commission paid to parties. The company also expects to take delivery of one new-building Capesize dry bulk vessel by Mar.29, 2022. Shares trade 3.9% down premarket.

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Diana Shipping announces time charter contract for m/v Artemis with Cargill