Diana Shipping Inc. Announces Time Charter Contract for m/v Polymnia with Oldendorff Carriers

Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Post-Panamax dry bulk vessel, the m/v Polymnia, with Oldendorff Carriers GmbH & Co. KG, which is expected to generate significant revenue for the company [1][2]. Group 1: Charter Contract Details - The gross charter rate for the m/v Polymnia is set at US$14,000 per day, with a 5.00% commission to third parties, for a period from August 17, 2025, until a minimum of April 10, 2026, and a maximum of June 10, 2026 [1]. - The anticipated gross revenue from the charter for the minimum scheduled period is approximately US$3.28 million [2]. Group 2: Fleet Composition and Future Plans - Diana Shipping Inc. currently operates a fleet of 36 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax, and 9 Ultramax vessels [3]. - The total carrying capacity of the fleet, excluding two vessels not yet delivered, is approximately 4.1 million deadweight tons (dwt), with a weighted average age of 11.72 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. 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 various dry bulk commodities such as iron ore, coal, and grain along global shipping routes [4].