Diana Shipping Announces Time Charter Contract for m/v Leonidas P. C. With Cargill

Source: www.gulfoilandgas.com 3/17/2023, Location: Europe

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Leonidas P. C. The gross charter rate is US$17,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum eleven (11) months to maximum thirteen (13) months. The charter commenced earlier today.

The “Leonidas P. C.” is a 82,165 dwt Kamsarmax dry bulk vessel built in 2011.

The employment of “Leonidas P. C.” is anticipated to generate approximately US$5.61 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax). The Company also expects to take delivery of 1 Ultramax dry bulk vessel by the beginning of April of 2023. As of today, the combined carrying capacity of the Company’s fleet, excluding the 1 Ultramax dry bulk vessel not yet delivered, is approximately 4.7 million dwt with a weighted average age of 9.95 years.


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