Diana Shipping Secures Time Charter Contract for DSI Polaris with Cargill Ocean Transportation

Reuters
07-01
Diana Shipping Secures Time Charter Contract for DSI Polaris with Cargill <a href="https://laohu8.com/S/1B6.SI">Ocean</a> Transportation

Diana Shipping Inc. has announced a new time charter contract for its Ultramax dry bulk vessel, the m/v DSI Polaris, with Cargill Ocean Transportation (Singapore) Pte. Ltd. The charter is set to begin on July 1, 2025, and will last until at least July 21, 2026, with a possible extension until September 21, 2026. The contract stipulates a gross charter rate of US$12,250 per day, minus a 4.75% commission to third parties. This agreement is expected to generate approximately US$4.66 million in gross revenue for the company over the minimum duration of the charter. The DSI Polaris, built in 2018, has a carrying capacity of 60,404 dwt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Diana Shipping Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000919574-25-003849), on June 30, 2025, and is solely responsible for the information contained therein.

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