Greece-based and New York-listed Diana Shipping has sealed a time charter deal with Western Bulk Carriers AS, for one of its Ultramax dry bulk vessels, the “DSI Altair.”

The vessel “DSI Altair” is a 60,309 deadweight Ultramax dry bulk vessel built in 2016.

Diana Shipping says that the charter is expected to commence on June 25, 2023.

The gross charter rate is US$13,800 per day, minus a 5% commission paid to third parties, for a period until minimum August 10, 2024 up to maximum October 10, 2024, as declared by the company.

The time charter employment of “DSI Altair” is anticipated to generate approximately US$5.60 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping’s fleet currently consists of 42 dry bulk vessels. Specifically, it has in its portfolio 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10 Ultramax (including a partial interest through a joint venture arrangement in one Ultramax).

The combined carrying capacity of the company’s fleet is approximately 4.7 million dwt with a weighted average age of 10.17 years.