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Diana Shipping announces time charter contract for m/v Salt Lake City with Cargill

Published 04/30/2018, 09:17 AM
© Reuters.  Diana Shipping announces time charter contract for m/v Salt Lake City with Cargill
DSX
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  • Diana Shipping (NYSE:DSX) through a separate wholly-owned subsidiary, has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Salt Lake City.
  • The gross charter rate is $16,250 per day for a period of minimum 8 months to 10 months.
  • The charter is expected to commence on May 1.
  • The m/v Salt Lake City is currently chartered to Uniper Global Commodities SE, Düsseldorf, at a gross charter rate of $9,000 per day.
  • This employment is anticipated to generate ~$3.9M of gross revenue for the minimum scheduled period of the time charter.
  • Press Release
  • Now read: A 10% Yield, Increased Distribution, No K-1, Goes Ex-Dividend This Week


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