Diana Shipping: Direct Continuation of Time Charter Contract for m/v Myrto with Cargill

Semiramis-Paliou

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 Kamsarmax dry bulk vessels, the m/v Myrto.

The gross charter rate is US$10,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum July 1, 2021 up to maximum September 15, 2021. The new charter period will commence on April 3, 2020.

The “Myrto” is a 82,131 dwt Kamsarmax dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$4.48 million of gross revenue for the minimum scheduled period of the time charter.

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