Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the MV Melite, at a gross charter rate of $16,500 a day, minus 5% commission paid to third parties, for a period of 23-25 months, MarineLink reported.
The charter is expected to commence at the end of January 2011.
This employment is anticipated to generate approximately $11.4 million of gross revenue for the minimum scheduled period of the charter. The MV Melite is a 76,436 dwt Panamax dry bulk carrier built in 2004.
