Diana Shipping announces time charter contract for m/v DSI Pollux

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation for one of its Ultramax dry bulk vessels, the m/v DSI Pollux. The gross charter rate is US$14,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum August 20, 2025 up to maximum October 20, 2025. The charter is expected to commence on December 27, 2023. The “DSI Pollux” is a 60,446 dwt Ultramax dry bulk vessel built in 2015. The employment of “DSI Pollux” is anticipated to generate approximately US$8.32 million of gross revenue for the minimum scheduled period of the time charter.