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Diana Shipping Inc. Announces Time Charter Contracts for m/v DSI Pollux With Stone Shipping and m/v DSI Andromeda With Western Bulk
Globenewswire· 2025-12-04 14:20
Core Viewpoint - Diana Shipping Inc. has entered into time charter contracts for two Ultramax dry bulk vessels, the m/v DSI Pollux and m/v DSI Andromeda, generating significant revenue for the company [1][3][4]. Group 1: Charter Contracts - The m/v DSI Pollux has a gross charter rate of US$14,750 per day, with a charter period from December 8, 2025, until a minimum of January 1, 2027, and a maximum of February 28, 2027 [1]. - The m/v DSI Andromeda has a gross charter rate of US$14,600 per day, with a charter period from December 7, 2025, until a minimum of April 1, 2027, and a maximum of May 31, 2027 [3]. - The total gross revenue anticipated from the employments of both vessels for the minimum scheduled period is approximately US$12.60 million [4]. Group 2: Fleet Information - Diana Shipping Inc. currently operates a fleet of 36 dry bulk vessels, including various types such as Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax [5]. - The combined 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 12.03 years [5]. - 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 [5]. 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 [6]. - 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 [6].
Diana Shipping Inc. Announces Time Charter Contract for M/V Santa Barbara with Norden
Globenewswire· 2025-11-10 14:10
Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Capesize dry bulk vessel, m/v Santa Barbara, with Dampskibsselskabet Norden A/S, which is expected to enhance the company's revenue stream through a higher charter rate compared to its current contract [1][2]. Group 1: Charter Contract Details - The gross charter rate for the m/v Santa Barbara is set at US$25,500 per day, with a 5.00% commission deducted for third parties, effective from November 29, 2025, until at least March 1, 2027, and up to a maximum of April 30, 2027 [1]. - The anticipated gross revenue from this charter for the minimum scheduled period is approximately US$11.48 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 company is set to receive two new methanol dual fuel Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, which will further expand its fleet capacity [3]. - The existing fleet has a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 11.96 years [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 engaging in short to medium-term time charters [4]. - The vessels transport various dry bulk commodities, including iron ore, coal, and grain, across global shipping routes [4].