Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v P. S. Palios, for a period of about thirteen months to maximum fifteen months.
The gross charter rate is US$6,000 per day for the first thirty five (35) days of the charter period and US$12,050 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced on March 24, 2020.
The “P. S. Palios” is a 179,134 dwt Capesize dry bulk vessel built in 2013.
This employment is anticipated to generate approximately US$4.31 million of gross revenue for the minimum scheduled period of the time charter.