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 Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$12,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum September 15, 2024 up to maximum November 15, 2024. The charter commenced on May 20, 2023.
The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.
The employment of “Selina” is anticipated to generate approximately US$5.71 million of gross revenue for the minimum scheduled period of the time charter.