Greece´s bulker owner Diana Shipping has entered into a time charter contract with Ming Wah International Shipping for one of its vessels.

The ship in question is the kamsarmax bulker, Leonidas P. C., a 82,165 dwt vessel built in 2011.

Semiramis Paliou-led Diana said the gross charter rate is $17,000, minus a 5% commission paid to third parties, for a period until a minimum of August 20, 2025, up to a maximum of October 20, 2025.

The charter is expected to start on February 21, 2024, and the employment of the vessel will bring to the company around $9.18m of gross revenue for the minimum scheduled period of the time charter.

Last year, as reported by Shipping Telegraph, Diana sealed a time charter contract deal with Cargill International S.A., Geneva, for Leonidas P. C., for a gross charter rate of $17,000 per day.

Earlier this year the company signed a Memorandum of Agreement to sell the 2006-built panamax vessel “Artemis” with delivery to the buyer latest by March 8, 2024.

The Palios family said the vessel’s sales price is $12.99m before commissions.

Upon completion of the sale of the vessel Artemis, Diana Shipping’s fleet will consist of 39 dry bulk vessels.

Specifically, it will have in its fleet portfolio four newcastlemax, nine capesize, five post-panamax, six kamsarmax, six panamax and nine ultramax.

The combined carrying capacity of the company’s fleet including the panamax Artemis, is approximately 4.5 million dwt, with a weighted average age of 10.64 years.