The Greek headquartered and New York-listed drybulk shipowner Diana Shipping Inc. has announced that through a separate wholly owned subsidiary it has entered into a time charter contract with Reachy Shipping (SGP) Pte. Ltd., for the Post-Panamax dry bulk vessel Mv “Polymnia”.

The gross charter rate is US$17,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum August 1, 2025 up to maximum September 30, 2025. The time charter is expected to commence on 8th June 2024, as the company informs.

The Mv “Polymnia” is currently chartered as previously announced, to Cobelfret S.A., Luxemburg, at a gross charter rate of US$15,000 per day, minus a 5.00% commission paid to third parties.

The “Polymnia” is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012.

The employment of “Polymnia” is anticipated to generate approximately US$7.25 million of gross revenue for the minimum scheduled period of the time charter.

Source: Diana Shipping Inc.