Diana Shipping: Time Charter Contract for m/v Artemis With Cargill

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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 Artemis.

The gross charter rate is US$21,250 per day, minus a 4.75% commission paid to third parties, for a period until minimum June 20, 2023 up to maximum August 20, 2023. The charter commenced earlier today. The m/v Artemis was chartered, as previously announced, to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of US$10,250 per day, minus a 5% commission paid to third parties.

The “Artemis” is a 76,942 dwt Panamax dry bulk vessel built in 2006.

The employment of “Artemis” is anticipated to generate approximately US$9.54 million of gross revenue for the minimum scheduled period of the time charter.