Greece-based and New York-listed Diana Shipping has won a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd., for one of its ultramax dry bulk vessels.
Cargill Ocean Transportation hired the 60,508-dwt dry bulk vessel “DSI Pegasus”, built in 2015.
Semiramis Paliou-led Diana fixed the vessel for a period until minimum June 1, 2025 up to maximum August 1, 2025.
The vessel is chartered for a gross charter rate of $15,250 per day, minus a 4.75% commission paid to third parties.
The charter is expected to begin on September 4, 2024.
The m/v DSI Pegasus is currently chartered to Reachy Shipping (SGP) Pte. Ltd., at a gross charter rate of $14,000 per day, minus a 5.00% commission paid to third parties.
The Greek shipowner said the employment of “DSI Pegasus” is anticipated to bring to the company around $4.09m 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 Inc.’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 new-building 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 11.07 years.
