Greece-based and New York-listed Diana Shipping has won a time charter contract with Cargill International S.A., Geneva, for one of its panamax dry bulk vessels.
Cargill hired the 77,529 dwt ice-class panamax bulker Atalandi, built in 2014.
Semiramis Paliou-led Diana fixed the vessel for a minimum period until June 1, 2025, up to a maximum of July 31, 2025.
The vessel is chartered for a gross charter rate of $14,600 per day, minus a 4.75% commission paid to third parties.
The charter is expected to start on July 19, 2024.
The Greek owner said the employment of Atalandi is anticipated to bring to the company around $4.57m of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of the ship Houston, Diana Shipping’s fleet will consist of 38 dry bulk vessels, including four newcastlemax, eight capesize, five post-panamax, six kamsarmax, six panamax and nine ultramax.
The Palios family also expects to take delivery of two methanol dual-fuel newbuilding kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively.
Currently, the combined carrying capacity of the company’s fleet including the vessel Houston and excluding the two vessels not yet delivered, is approximately 4.4 million dwt with a weighted average age of 10.94 years.
