Diana Shipping Enters Time Charter Contract With Cargill For Artemis Vessel

  • Diana Shipping Inc DSX has entered into a time charter contract with Cargill International S.A., Geneva, for its Artemis Panamax dry bulk vessel built-in 2006.
  • The gross charter rate is $21,250 per day for a period until a minimum of June 20, 2023, up to a maximum of August 20, 2023. The charter commenced earlier today.
  • The company expects this employment to generate ~$9.54 million of gross revenue for the minimum scheduled time charter period.
  • The m/v Artemis was previously chartered to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of $10,250 per day.
  • Currently, Diana Shipping's fleet consists of 34 dry bulk vessels.
  • Price Action: DSX shares are trading higher by 2.36% at $4.77 on the last check Monday.
Posted In: BriefsNewsPenny StocksContractsSmall Cap