Greek dry bulk owner Diana Shipping has sealed a time charter contract with Cargill International for 2010-built Panamax bulker Leto.

The charter commences later this week and runs through to between July 15, 2021 and September 30, 2021, at a rate of $9,000 per day. The vessel was previous on charter to Uniper at $13,000 per day.

Diana says the charter will generate around $3.73m of revenue based on the minimum time charter period. The company currently has a fleet of 41 bulkers.