The Greece 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 Bulk Trading SA, for one of its Ultramax dry bulk vessels, the m/v “DSI Phoenix”.

The gross charter rate is US$16,500 per day, minus a 5% commission paid to third parties, for a period until minimum August 1, 2025 up to maximum September 30, 2025, with the charter expected to commence on May 8, 2024.

The m/v “DSI Phoenix” is currently chartered, as previously announced, to ASL Bulk Marine Limited, at a gross charter rate of US$13,250 per day, minus a 5.00% commission paid to third parties.

The “DSI Phoenix” is a 60,456 dwt Ultramax dry bulk vessel built in 2017 at the Mitsui Engineering & Shipbuilding CO., LTD., Chiba in Japan.

The employment of “DSI Phoenix” is anticipated to generate approximately US$7.33 million of gross revenue for the minimum scheduled period of the time charter, as the company informs.

Source: Diana Shipping Inc.