Cargill International charters Diana Shipping pair

Cargill International has extended the charter contract with Diana Shipping for the Capesize dry bulk vessel, Santa Barbara.

Starting on April 24, the gross charter rate is US$20,250 per day, minus a 4.75 per cent commission paid to third parties, for a period of 18 to 19 months.

She is currently chartered at a gross charter rate of US$12,000 per day, minus a 4.75 per cent commission paid to third parties.

The 2015-built Santa Barbara is a 179,426DWT Capesize dry bulk vessel.

Meanwhile, Cargill International has also signed a time-charter contract for Diana Shipping’s Kamsarmax dry bulk vessel, Myrto.

Also beginning on April 24, the gross charter rate is US$14,000 per day, minus a 4.75 per cent commission paid to third parties, for a minimum of 13 months and a maximum of 15 months.

Built in 2013, the 82,131DWT Myrto is currently chartered at a gross charter rate of US$8,000 per day, minus a 4.75 per cent commission paid to third parties.

The extension and new charter are anticipated to generate US$16 million of gross revenue for the minimum scheduled period.