- Diana Shipping (NYSE:DSX -0.8%) agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia, for a period of about 13 months to maximum 16 months.
- The gross charter rate is US$10,100 per day, minus a 4.75% commission paid to third parties.
- The new charter period is expected to commence on March 15, 2017.
- The employment extension of “Polymnia” is anticipated to generate ~$3.79M of gross revenue for the minimum scheduled period of the time charter.
- Press Release