Diana Shipping: Time Charter Contract for m/v DSI Altair With WBC


Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Western Bulk Carriers AS, for one of its Ultramax dry bulk vessels, the m/v DSI Altair. The gross charter rate is US$13,800 per day, minus a 5% commission paid to third parties, for a period until minimum August 10, 2024 up to maximum October 10, 2024. The charter is expected to commence on June 25, 2023.

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

The employment of “DSI Altair” is anticipated to generate approximately US$5.60 million of gross revenue for the minimum scheduled period of the time charter.


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