Cargill Extends Charter for Diana’s Bulker

Diana ShippingIllustration; Image Courtesy: Pxhere under CC 2.0 license

Greek shipping company Diana Shipping has extended a time charter contract with Swiss Cargill International for one of its Kamsarmax dry bulk vessels, the M/V Medusa.

The gross charter rate is this time lower and amounts to USD 11,000 per day, compared to the previous USD 14,000 per day.

The new time charter deal has been signed for a period of about eleven to maximum thirteen months, with the charter expected to commence on November 15, 2019.

This employment of the 2010-built ship is anticipated to generate approximately USD 3.47 million of gross revenue for the minimum scheduled period of the time charter, according to Diana Shipping.

The 82,194 dwt Medusa has been working for Cargill for the past few years. The latest charter commenced in September 2018.

Upon completion of the recently announced sale of one Panamax dry bulk vessel, the 2005-built Clio, Diana Shipping’s fleet will consist of 42 dry bulk vessels.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >