Diana Shipping extends Leto charter at $18,000 per day

Diana Shipping Inc. extended the time charter for its 81,297 dwt Panamax dry bulk vessel Leto with Cargill International SA, Geneva. The contract carries a gross rate of $18,000 per day, less a 4.75% third-party commission, and is scheduled to begin on September 10, 2026, running until at least September 1, 2027, and no later than October 31, 2027. Leto is currently chartered at $12,750 per day, less the same commission. The minimum scheduled period is expected to produce approximately $6.34 million in gross revenue. Diana Shipping's fleet comprises 36 dry bulk vessels with approximately 4.1 million dwt of combined capacity and a weighted average age of 12.75 years, excluding two methanol dual-fuel Kamsarmax newbuildings expected in the second half of 2027 and the first half of 2028. The company cautioned that its forward-looking expectations are subject to market, operational, political, regulatory and financing risks.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.