New York-listed Greek bulker owner Diana Shipping has secured a new time charter deal with Cargill Ocean Transportation for one of its ultramaxes.

The Semiramis Paliou-led company has fixed the 60,404 dwt DSI Polaris until July 21 next year at $12.500 per day. The charter starts on July 1 and Cargill has options to extend the contract for two more months.

The deal follows Stone Shipping’s charter of the 2018-built bulker in July 2024 at a dayrate of $15,400.

Diana said it expects to earn about $4.66m from the minimum scheduled period of the charter.

Earlier this month, the company sealed another charter deal for one of its newcastlemaxes up to end-October 2026, which will bring in at least $11m.