Diana Shipping announces time charter contract for m/v Santa Barbara

Diana Shipping (DSX) has entered into a time charter contract with Mitsui O.S.K. Lines for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is $22,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum October 20, 2025 up to maximum December 20, 2025. The charter is expected to commence on December 28, 2024. The m/v Santa Barbara was chartered, as previously announced, to Smart Gain Shipping at a gross charter rate of $21,250 per day, minus a 5.00% commission paid to third parties. The “Santa Barbara” is a 179,426 dwt Capesize dry bulk vessel built in 2015. The employment of “Santa Barbara” is anticipated to generate approximately $6.42M of gross revenue for the minimum scheduled period of the time charter.