Diana Shipping Announces Time Charter Contract for m/v Myrto


Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Solebay Shipping Transocean Company Limited, for one of its Kamsarmax dry bulk vessels, the m/v Myrto.

The gross charter rate is US$28,500 per day, minus a 5% commission paid to third parties, for a period until minimum August 15, 2022 up to maximum October 15, 2022. The charter commenced earlier today. The m/v Myrto was chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$10,000 per day, minus a 4.75% commission paid to third parties.

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

The employment of “Myrto” is anticipated to generate approximately US$9.55 million of gross revenue for the minimum scheduled period of the time charter.