Diana Shipping Inks Time Charter Contract With Cargill For Santa Barbara Vessel

Diana Shipping Inc DSX has entered into a time charter contract with Cargill International S.A., Geneva, for the 2015-built m/v Santa Barbara Capesize dry bulk vessel.
The gross charter rate is $29,500 per day, for a period until minimum May 10, 2023, up to maximum July 10, 2023. The new charter period is expected to commence on March 15, 2022.
The Santa Barbara vessel is currently chartered at a gross charter rate of $17,250 per day.
The company expects the employment to generate ~$12.24 million of gross revenue for the minimum scheduled period of the new time charter.
Price Action: DSX shares are trading lower by 3.15% at $4.92 on the last check Thursday.