New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Cargill for one of its vessels.
Aquavita chartered the 2015-built, 60,508 dwt ultramax bulker DSI Pegasus for a gross charter rate of $15,250, minus a 5% commission paid to third parties, for a period until a minimum of June 1, 2025, up to a maximum of August 1, 2025.
The company said that the charter was expected to begin on September 4, 2024. The employment of the bulker is anticipated to generate around $4.09m of gross revenue for the minimum scheduled period of the time charter.
The vessel is currently chartered to Reachy Shipping at a gross charter rate of $14,000 per day, minus a 5.00% commission paid to third parties.
Upon completion of the previously announced sale of the Houston bulker, Diana Shipping’s fleet will consist of 38 dry bulk vessels – four newcastlemaxes, eight capesizes, five post-panamaxes, six kamsarmaxes, six panamaxes, and nine ultramaxes.
The company 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 fleet including the Houston and excluding the two vessels not yet delivered, is approximately 4.4m dwt with a weighted average age of 11.07 years.