Diana Shipping Inc. Announces Time Charter Contract for m/v New York With SwissMarine

Charter Contract Details - Diana Shipping Inc has entered into a time charter contract with SwissMarine Pte Ltd for its Capesize dry bulk vessel, the m/v New York The gross charter rate is US$6,300 per day for the first trip and US$17,600 per day for the balance period, minus a 5% commission The charter period is from January 12, 2025, to a minimum of January 15, 2026, and a maximum of March 30, 2026 [1] - The m/v New York is a 177,773 dwt Capesize dry bulk vessel built in 2010 The employment of this vessel is expected to generate approximately US$6.03 million in gross revenue for the minimum scheduled period of the time charter [2] Fleet Overview - Diana Shipping Inc's fleet consists of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax, and 9 Ultramax The combined carrying capacity of the fleet is approximately 4.2 million dwt, with a weighted average age of 11.28 years [3] - The company 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 [3] Company Background - Diana Shipping Inc is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels The company's vessels are primarily employed on short to medium-term time charters, transporting dry bulk cargoes such as iron ore, coal, grain, and other materials along worldwide shipping routes [4]