Diana Extends Charter Deal with Cargill

Illustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Greece-based bulker owner Diana Shipping has agreed to extend the present time charter contract with Cargill International for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.

As informed, the gross charter rate is USD 16,000 per day for a period of minimum fourteen to maximum seventeen months.

The new charter period for the 98,704 dwt ship is expected to commence on July 8, 2018.

The Post-Panamax vessel is currently chartered to Cargill at a gross charter rate of USD 10,100 per day.

The employment extension of the 2012-built Polymnia is anticipated to generate approximately USD 6.72 million of gross revenue for the minimum scheduled period of the time charter extension, Diana Shipping said.

Diana Shipping’s fleet currently consists of 50 dry bulk vessels. As of today, the combined carrying capacity of the company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.86 years.

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