zoomIllustration. Image Courtesy: Pxhere under CC0 Creative Commons license

Greek dry bulk owner Diana Shipping has entered into a time charter contract with Geneva-based Cargill International for one of its Capesize dry bulk vessels.

Under the deal, the company’s the 180,960 dwt New Orleans started working for Cargill on April 10 at a gross charter rate of USD 15,000 per day.

The charter for the 2015-built bulker was agreed for a period of about sixteen to nineteen months.

Diana Shipping expects the employment to generate around USD 6.98 million of gross revenue for the minimum scheduled period of the time charter.

New Orleans was previously chartered to SwissMarine Services from March 2018 at a gross charter rate of USD 21,000 per day.