Diana Shipping Inks Time Charter Contract With Cargill For Santa Barbara Vessel

  • Diana Shipping Inc DSX has entered into a time charter contract with Cargill International S.A., Geneva, for the 2015-built m/v Santa Barbara Capesize dry bulk vessel.
  • The gross charter rate is $29,500 per day, for a period until minimum May 10, 2023, up to maximum July 10, 2023. The new charter period is expected to commence on March 15, 2022.
  • The Santa Barbara vessel is currently chartered at a gross charter rate of $17,250 per day.
  • The company expects the employment to generate ~$12.24 million of gross revenue for the minimum scheduled period of the new time charter.
  • Price Action: DSX shares are trading lower by 3.15% at $4.92 on the last check Thursday.
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