DSX - Diana Shipping signs new charter contract for m/v Medusa

Diana Shipping (DSX +3.4%) has signed a charter contract with Cargill International for its m/v Medusa Kamsarmax dry bulk vessel. The 2010-built Medusa was chartered at $26K/day gross charter rate for a period until minimum May 15, 2023 up to maximum July 15, 2023; charter is expected to commence on Mar. 5, 2022. The employment is estimated to generate gross revenue of ~$11.18M for the minimum scheduled period of the time charter. The vessel is currently chartered at $11k/day, minus a 4.75% commission paid to third parties. DSX stock has risen 85.61% over the past one year period. Read a recent bullish analysis on stock

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Diana Shipping signs new charter contract for m/v Medusa