Diana Shipping Announces Time Charter Contract for m/v DSI Andromeda


Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bunge SA, Geneva, for one of its Ultramax dry bulk vessels, the m/v DSI Andromeda. The gross charter rate is US$13,500 per day, minus a 5% commission paid to third parties, for a period until minimum February 20, 2025 up to maximum April 20, 2025. The charter is expected to commence on November 24, 2023.

The “DSI Andromeda” is a 60,309 dwt Ultramax dry bulk vessel built in 2016.

The employment of “DSI Andromeda” is anticipated to generate approximately US$6.03 million of gross revenue for the minimum scheduled period of the time charter.


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