New Delhi, November 21, 2023 : Greek bulker owner Diana Shipping has entered a time charter contract with agribusiness and food company Bunge for one of its ultramax dry bulk vessels.
Bunge hired the 2016-built, 60,309 dwt DSI Andromeda on a gross charter rate of $13,500 per day, minus a 5% commission paid to third parties, for a period until a minimum of February 20, 2025, up to a maximum of April 20, 2025. The charter is set to begin on November 24, 2023.
The employment of the vessel is anticipated to generate approximately $6.03 million of gross revenue for the minimum scheduled period of the time charter.
Upon the completion of the previously announced sale of the Boston, Diana Shipping’s fleet will consist of 40 dry bulk vessels: four newcastlemax, nine capesize, five post-panamax, six kamsarmax, seven panamax, and nine ultramax. According to the reports published in splash247.com .
Currently, the combined carrying capacity of the company’s fleet, including the Boston, is approximately 4.7m dwt with a weighted average age of 10.63 years.
