Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Myrto with NYK

Core Viewpoint - Diana Shipping Inc. has extended the time charter contract for the m/v Myrto with Nippon Yusen Kabushiki Kaisha, increasing the gross charter rate from US$12,000 to US$16,650 per day, which is expected to generate approximately US$8.71 million in gross revenue for the minimum scheduled period of the charter [1][2]. Group 1: Charter Contract Details - The new charter period for the m/v Myrto is set to commence on April 7, 2026, and will last until at least September 20, 2027, with a maximum extension until November 20, 2027 [1]. - The gross charter rate for the m/v Myrto is US$16,650 per day, with a 5.00% commission paid to third parties [1]. Group 2: Fleet Information - Diana Shipping Inc. currently operates a fleet of 36 dry bulk vessels, including various classes such as 4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax, and 9 Ultramax [3]. - The combined carrying capacity of the fleet, excluding two new vessels yet to be delivered, is approximately 4.1 million dwt, with a weighted average age of 12.33 years [3]. - The company anticipates taking 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 3: Company Overview - Diana Shipping Inc. specializes in shipping transportation services through the ownership and bareboat charter-in of dry bulk vessels, primarily engaged in short to medium-term time charters [4]. - The vessels transport a variety of dry bulk cargoes, including iron ore, coal, and grain, along global shipping routes [4].