Diana Shipping announces time charter contract for m/v DSI Polaris

Diana Shipping (DSX) entered into a time charter contract with Cargill Ocean Transportation., for one of its Ultramax dry bulk vessels, the m/v DSI Polaris. The gross charter rate is $12,250, minus a 4.75% commission paid to third parties, for a period until minimum July 21, 2026 up to maximum September 21, 2026. The charter is expected to commence on July 1, 2025. The “DSI Polaris” is a 60,404 dwt Ultramax dry bulk vessel built in 2018. The employment of “DSI Polaris” is anticipated to generate approximately $4.66M of gross revenue for the minimum scheduled period of the time charter.