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Diana Shipping announces time charter contract for M/V Sideris GS with Cargill

Diana Shipping announced that it has entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly-owned subsidiary, for one of its Capesize dry bulk carriers, the m/v Sideris GS. The gross charter rate is $13,500 per day, minus a 5% commission paid to third parties, for a period of minimum twenty-one months to maximum twenty-seven months. The charter is expected to commence in the middle of March. The Sideris GS is a 174,186 dwt Capesize dry bulk vessel built in 2006. This employment is anticipated to generate approximately $8.5M of gross revenue for the minimum scheduled period of the charter.