Mitsui O.S.K. Lines hires capesize bulker from Diana Shipping

Greece-based and New York-listed Diana Shipping, through a separate wholly-owned subsidiary, has won a time charter contract with Mitsui O.S.K. Lines, Ltd., for one of its capesize dry bulk vessels.

Mitsui O.S.K. Lines hired the 179,426 dwt capesize dry bulk vessel, Santa Barbara, built in 2015.

Semiramis Paliou-led Diana fixed the vessel for a period until minimum October 20, 2025 up to maximum December 20, 2025.

The vessel is chartered to a gross charter rate of US$22,000 per day, minus a 5.00% commission paid to third parties.

The charter is expected to start on December 28, 2024.

The capesize Santa Barbara was chartered, as previously announced by the company, to Smart Gain Shipping Co., Limited, at a gross charter rate of US$21,250 per day, minus a 5.00% commission paid to third parties.

The Greek shipowner said the employment of Santa Barbara is anticipated to bring to the company around $6.42m of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 38 dry bulk vessels, including four newcastlemax, eight capesize,