Greek bulker owner Diana Shipping has entered into a time charter contract with commodities giant Cargill for one of its kamsarmax vessels.
Cargill hired the 2010-built, 82,117 dwt bulker Myrsini. The gross charter rate is $13,000 per day, minus a 5% commission paid to third parties, for a period until a minimum of January 1, 2026, up to a maximum of February 28, 2026.
The charter is expected to begin on February 28. The employment of the bulker is anticipated to generate approximately $3.95m of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of the Alcmene post-panamax, Diana Shipping’s fleet will consist of 37 dry bulk vessels – four newcastlemaxes, eight capesizes, four 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 Alcmene and excluding the two vessels not yet delivered, is approximately 4.2m dwt with a weighted average age of 11.39 years.