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 Phoenix. The gross charter rate is $13,500, minus a 4.75% commission paid to third parties, for a period until minimum October 1, 2026 up to maximum November 30, 2026. The charter is expected to commence on August 3, 2025. The “DSI Phoenix” is a 60,456 dwt Ultramax dry bulk vessel built in 2017. The employment of “DSI Phoenix” is anticipated to generate approximately $5.64 million of gross revenue for the minimum scheduled period of the time charter.
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