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Diana Shipping Inc. (NYSE:DSX), (the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Polaris. The gross charter rate is US$12,250, minus a 4.75% commission paid to third parties, for a period until minimum July 21, 2026 up to maximum September 21, 2026. The charter is expected to commence on July 1, 2025.
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$4.66 million of gross revenue for the minimum scheduled period of the time charter.
Posted In: DSX
