Diana Shipping Signs Charter Contract with Cargill

diana shipping logoAthens-based dry bulk shipper Diana Shipping (NYSE: DSX), has announced that it has entered into a time charter contract with Cargill for the 2005-built M/V Clio, a 73,691 Panamax dry bulk carrier.
The gross charter rate is US$8,600 per day, minus a 4.75% commission paid to third parties, for a period of minimum of 21 months to maximum twenty-four 24 months. The charter is expected to commence on August 22, 2013.
  
This employment is anticipated to generate approximately US$5.4 million of gross revenue for the minimum scheduled period of the charter.