Diana Shipping announces time charter contract for m/v Leto

Diana Shipping (DSX) announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International SA, Geneva, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is $12,750 per day, minus a 4.75% commission paid to third parties, for a period until minimum July 16, 2026 up to maximum September 16, 2026. The charter is expected to commence on March 31, 2025. The “Leto” is an 81,297 dwt Panamax dry bulk vessel built in 2010. The employment of “Leto” is anticipated to generate approximately $5.93 million of gross revenue for the minimum scheduled period of the time charter.