Diana Shipping, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Semirio.
The gross charter rate is US$16,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum fifteen (15) months to maximum eighteen (18) months. The charter is expected to commence on July 1, 2019.
The “Semirio” is a 174,261 dwt Capesize dry bulk vessel built in 2007.
This employment is anticipated to generate approximately US$7.2 million of gross revenue for the minimum scheduled period of the time charter.