Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Maera.

The gross charter rate is US$13,750, minus a 5% commission paid to third parties, for a period until minimum November 20, 2024 up to maximum January 20, 2025. The charter is expected to commence on January 28, 2024. The m/v Maera is currently chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$12,000 per day, minus a 4.75% commission paid to third parties.

The “Maera” is a 75,403 dwt Panamax dry bulk vessel built in 2013.

The employment of “Maera” is anticipated to generate approximately US$4.03 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 40 dry bulk vessels: 4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax. As of today, the combined carrying capacity of the Company’s fleet is approximately 4.5 million dwt with a weighted average age of 10.59 years.

Diana Shipping Inc. press release