Diana Shipping (DSX) entered into a time charter contract with Glencore Freight Pte. Ltd., for one of its Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is $25,200, minus a 5.00% commission paid to third parties, for a period until minimum November 15, 2026 up to maximum January 15, 2027. The charter is expected to commence on December 14, 2025. The “P. S. Palios” is a 179,134 dwt Capesize bulk vessel built in 2013. The employment of “P. S. Palios” is anticipated to generate a total of approximately $8.34 million of gross revenue for the minimum scheduled period of the time charter.
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