Diana Shipping Extends Kamsarmax Charter with Cargill

BulkerIllustration; Source: Pxhere under CC0 Creative Commons license

Greek dry bulk owner Diana Shipping has entered into a time charter continuation contract with Geneva’s Cargill International.

Under the deal, the company’s Kamsarmax dry bulk vessels, the Myrto, would continue working for Cargill for a period of about nine to eleven months.

The parties agreed a gross charter rate of USD 14,000 per day for the 2013-built bulker.

Diana Shipping said that the new charter period commenced on July 18, 2019.

The employment is expected to generate around USD 3.57 million of gross revenue for the minimum scheduled period of the time charter.

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