Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Artemis. 

The gross charter rate is US$21,250 per day, minus a 4.75% commission paid to third parties, for a period until a minimum of June 20, 2023, up to a maximum of August 20, 2023. The charter commenced earlier today. The m/v Artemis was chartered, as previously announced, to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of US$10,250 per day, minus a 5% commission paid to third parties.

The “Artemis” is a 76,942 dwt Panamax dry bulk vessel built-in 2006.

The employment of “Artemis” is anticipated to generate approximately US$9.54 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 34 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax). The Company also expects to take delivery of one new-building Capesize dry bulk vessel by March 29, 2022. As of today, the combined carrying capacity of the Company’s fleet, excluding the one vessel not yet delivered, is approximately 4.4 million dwt with a weighted average age of 10.57 years.

About Diana Shipping Inc

Diana Shipping Inc. (NYSE: DSX) is a global provider of shipping transportation services.
We specialize in the ownership of dry bulk vessels. As of March 21, 2022, our fleet consists of 34 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax). The Company also expects to take delivery of one new-building Capesize dry bulk vessel by March 29, 2022.