Greece´s bulker owner Diana Shipping has entered into a time charter deal with ASL Bulk Shipping Limited, for one of its vessels.

The ship in question is the panamax dry bulk vessel Leto, a 81,297-dwt vessel built in 2010.

Semiramis Paliou-led Diana said the gross charter rate is $16,000 per day, minus a 5% commission paid to third parties, for a period until minimum March 1, 2025 up to maximum April 30, 2025.

The charter is expected to commence on May 2, 2024, and the employment of “Leto” will bring to the company around $4.75m of gross revenue for the minimum scheduled period of the time charter.

The Palios family said that upon completion of the previously announced sale of the capesize vessel Houston, which is expected to be delivered to her new owners by latest September 16, 2024, Diana’s Shipping fleet will consist of 38 dry bulk vessels.

Specifically, it will have four newcastlemax, eight capesize, five post-panamax, six kamsarmax, six panamax and nine ultramax.

The shipowner also expects to take delivery of two methanol dual fuel new-building kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively.

The combined carrying capacity of the company’s fleet including the capesize Houston and excluding the two vessels not yet delivered, is approximately 4.4 million dwt, with a weighted average age of 10.74 years.