Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Phoenix. The gross charter rate is US$13,500, minus a 4.75% commission paid to third parties, for a period until minimum October 1, 2026 up to maximum November 30, 2026. The charter is expected to commence on August 3, 2025.
The “DSI Phoenix” is a 60,456 dwt Ultramax dry bulk vessel built in 2017.
The employment of “DSI Phoenix” is anticipated to generate approximately US$5.64 million of gross revenue for the minimum scheduled period of the time charter.
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