Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Stone Shipping, for one of its Ultramax dry bulk vessels, the m/v DSI Polaris. The gross charter rate is US$15,400 per day, minus a 5.00% commission paid to third parties, for a period until minimum June 1, 2025 up to maximum August 15, 2025. The charter commenced retroactively as of July 20, 2024. The m/v DSI Polaris was chartered, as previously announced, to ASL Bulk Marine Limited, at a gross charter rate of US$13,100 per day, minus a 5.00% commission paid to third parties.
The “DSI Polaris” is a 60,404 dwt Ultramax dry bulk vessel built in 2018.
The employment of “DSI Polaris” is anticipated to generate approximately US$4.76 million of gross revenue for the minimum scheduled period of the time charter.