Diana Shipping signs new time charter contract for m/v Santa Barbara

• Diana Shipping (NYSE:DSX) has signed a time charter contract for its m/v Santa Barbara Capesize dry bulk vessel.
• The 2015-built Santa Barbara was chartered at $29.5K/day to Cargill International for a period until minimum May 10, 2023 up to maximum July 10, 2023; charter is expected to commence on March 15, 2022.
• The employment is estimated to generate ~$12.24M of gross revenue for the minimum scheduled period of the new time charter.
• The vessel is currently chartered at $17.25K/day.
• Last week, Diana Shipping shares jumped on Q4 earnings beat