The Greek dry bulk owner Diana Shipping signs time charter deal for an Ultramax for 18-20 month period

Credit: Diana Shipping Inc

The Greek dry bulk owner Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Marine Limited, for its Ultramax dry bulk vessel, m/v DSI Polaris. The vessel is a 60,404 deadweight Ultramax dry bulk vessel built in 2018.

The Shipowner states, that the gross charter rate is US$13,100 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen (18) months to maximum twenty (20) month, and the charter already commenced on 12th of November 2022.

This timecharter employment of “DSI Polaris” is anticipated to generate approximately US$7.07 million of gross revenue for the minimum scheduled period of the time charter, as it is declared by the company.

The company also announced that, through a separate wholly-owned subsidiary, it has taken delivery of the vessel DSI Andromeda (formerly named “STH Tokyo”), a 2016 built Ultramax dry bulk vessel of 60,309 deadweight, which is one of the nine modern Ultramax dry bulk vessels that the company entered into an agreement to purchase back in August 2022.

Source: Diana Shipping

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