Diana Shipping Inc. Announces Time Charter Contract for m/v Atalandi with Stone Shipping

Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Ice Class Panamax dry bulk vessel, m/v Atalandi, with Stone Shipping Ltd, which is expected to generate significant revenue for the company [1][2]. Group 1: Charter Contract Details - The time charter contract for the m/v Atalandi has a gross charter rate of US$9,000 per day for the first 35 days and US$10,100 per day for the remaining period, with a commission of 5.00% paid to third parties [1]. - The charter is set to commence on June 9, 2025, and will last until a minimum of June 15, 2026, and a maximum of August 15, 2026 [1]. Group 2: Revenue Generation - The employment of the m/v Atalandi is anticipated to generate approximately US$3.62 million in gross revenue for the minimum scheduled period of the time charter [2]. Group 3: Fleet Overview - Diana Shipping Inc. currently operates a fleet of 37 dry bulk vessels, including various classes such as Newcastlemax, Capesize, and Panamax [3]. - The combined carrying capacity of the fleet, excluding two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.60 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]. Group 4: Company Profile - Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels [4]. - The company's vessels primarily engage in short to medium-term time charters, transporting a range of dry bulk cargoes, including iron ore, coal, and grain [4].