Greece´s dry bulk shipowner Diana Shipping has entered into a time charter contract with Bunge SA, Geneva, for one of its ultramax dry bulk vessels.

The ship in question is DSI Andromeda, a 60,309 dwt ultramax dry bulk vessel built in 2016.

The charter deal which is expected to start on November 24, will bring about $6.03m of gross revenue for the minimum scheduled period of the time charter.

The gross charter rate is $13,500 per day, minus a 5% commission paid to third parties, for a period until minimum February 20, 2025 up to maximum April 20, 2025. ´

Last month the shipowner sealed a deal to sell to an unaffiliated third party, the 2007-built capesize bulk carrier “Boston”, with scheduled delivery to the buyer latest by December 20 this year.

Diana Shipping led-by the Palios family said the net sale price is about $18m. The Greek shipowner however didn’t disclose the name of the buyer.

After the completion of the sale of the vessel Boston, the dry bulk owner will have a fleet portfolio of 40 dry bulk vessels, including four newcastlemax, nine capesize, five post-panamax, six kamsarmax, seven panamax and nine ultramax.

Furthermore, the combined carrying capacity of the company’s fleet, including the capesize Boston, is approximately 4.7 million dwt with a weighted average age of 10.63 years.