Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract For m/v Phaidra With Aquavita

Core Viewpoint - Diana Shipping Inc. has extended a time charter contract for its Post-Panamax dry bulk vessel, m/v Phaidra, with Aquavita International S.A., generating significant revenue for the company [1][2]. Group 1: Charter Contract Details - The gross charter rate for the m/v Phaidra is set at US$12,000 per day, with a 4.75% commission deducted for third-party payments [1]. - The new charter period will last from October 11, 2024, until a minimum of May 1, 2025, and a maximum of July 15, 2025 [1]. - The anticipated gross revenue from this charter for the minimum scheduled period is approximately US$2.4 million [2]. Group 2: Fleet Composition and Future Plans - Diana Shipping Inc. currently operates a fleet of 38 dry bulk vessels, including various types such as Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax [3]. - The total carrying capacity of the fleet, excluding two vessels yet to be delivered, is around 4.2 million deadweight tons (dwt) with a weighted average age of 11.01 years [3]. - The company expects to take delivery of two new methanol dual fuel Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028 [3]. Group 3: Company Overview - Diana Shipping Inc. specializes in shipping transportation services through the ownership and bareboat charter-in of dry bulk vessels [4]. - The vessels primarily operate on short to medium-term time charters, transporting various dry bulk commodities such as iron ore, coal, and grain along global shipping routes [4].