Diana Shipping Inc. (NYSE: DSX) shares were unchanged in the first hour on Friday. The Athens-based global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is US$6,300 per day for the first trip of the charter period and US$17,600 per day for the balance period of the time charter, in each case minus a 5.00% commission paid to third parties, for a period until minimum January 15, 2026 up to maximum March 30, 2026. The charter is expected to commence on January 12, 2025.
The “New York” is a 177,773 dwt Capesize dry bulk vessel built in 2010.
The employment of “New York” is anticipated to generate approximately US$6.03 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 38 dry bulk vessels: 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax. The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively.
DSX shares closed Thursday at $1.86.