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Diana Shipping Inc. Announces Time Charter Contract For m/v Crystalia With SwissMarine
Globenewswire· 2026-03-04 14:22
Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Panamax dry bulk vessel, m/v Crystalia, with a gross charter rate of US$16,200 per day, expected to generate approximately US$5.78 million in gross revenue for the minimum scheduled period of the charter [1][2]. Group 1: Charter Agreement Details - The time charter with SwissMarine Pte. Ltd. is set to commence on March 11, 2026, and will last until at least March 10, 2027, with a maximum end date of May 10, 2027 [1]. - The previous charter for m/v Crystalia was with Louis Dreyfus Company Freight Asia Pte. Ltd. at a gross rate of US$13,900 per day [1]. Group 2: Fleet Information - Diana Shipping Inc. currently operates a fleet of 36 dry bulk vessels, including various classes such as Newcastlemax, Capesize, and Panamax [3]. - The total carrying capacity of the fleet, excluding two vessels yet to be delivered, is approximately 4.1 million dwt, with a weighted average age of 12.28 years [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]. 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].