Diana Shipping (DSX) entered into a time charter contract with Propel Shipping, for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is $12,500, minus a 5.00% commission paid to third parties, for a period until minimum August 16, 2026 up to maximum October 16, 2026. The charter is expected to commence on August 2, 2025. The “Astarte” is an 81,513 dwt Kamsarmax dry bulk vessel built in 2013. The employment of “Astarte” is anticipated to generate approximately $4.68 million of gross revenue for the minimum scheduled period of the time charter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DSX:
- DSX Upcoming Earnings Report: What to Expect?
- Diana Shipping Secures New Charter for Ultramax Vessel with Cargill
- Diana Shipping enters time charter contract for m/v DSI Phoenix
- Diana Shipping Secures Time Charter for DSI Polaris with Cargill Ocean Transportation
- Diana Shipping announces time charter contract for m/v DSI Polaris