Diana’s Kamsarmax to Continue Working for Cargill

Athens-based shipping company Diana Shipping has inked a new time charter contract with Geneva’s Cargill International for one of its Kamsarmax dry bulk vessels, the m/v Medusa.

As informed, the gross charter rate for the 82,194 dwt ship is USD 14,000 per day for a period of minimum thirteen to maximum fifteen months.

This time the gross charter rate is considerably higher, compared to USD 10,000 per day agreed during the vessel’s previous deployment.

The new charter period commenced yesterday, Diana Shipping said.

This employment of the 2010-built bulker is anticipated to generate approximately USD 5.46 million of gross revenue for the minimum scheduled period of the time charter, according to the company.

Diana Shipping’s fleet currently comprises 50 dry bulk vessels. As of today, the combined carrying capacity of the company’s fleet is approximately 5.8 million dwt with a weighted average age of 9.03 years.