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Diana Shipping Inc. Announces Time Charter Contract for m/v Astarte
Globenewswireยท 2025-07-28 13:20
Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Kamsarmax dry bulk vessel, the m/v Astarte, with Propel Shipping Pte. Ltd., 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 Astarte is set at US$12,500 per day, with a 5.00% commission to third parties, for a period from August 2, 2025, until a minimum of August 16, 2026, and a maximum of October 16, 2026 [1]. - The anticipated gross revenue from the charter for the minimum scheduled period is approximately US$4.68 million [2]. Group 2: Fleet Composition and Future Plans - Diana Shipping Inc. currently operates a fleet of 36 dry bulk vessels, including various types such as 4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax, and 9 Ultramax [3]. - The company expects to take delivery of two new methanol dual fuel Kamsarmax vessels by the second half of 2027 and the first half of 2028 [3]. - The combined carrying capacity of the fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.68 years [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 a variety of dry bulk cargoes, including iron ore, coal, and grain along global shipping routes [4].