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Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Altair With Bunge
Globenewswire· 2026-01-12 14:22
Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract with Bunge SA for its Ultramax dry bulk vessel, the m/v DSI Altair, at a gross rate of US$14,750 per day, expected to generate approximately US$5.30 million in gross revenue for the minimum charter period [1][2]. Group 1: Charter Agreement Details - The time charter for the m/v DSI Altair is set to commence on January 17, 2026, and will last until at least January 15, 2027, with a maximum end date of March 30, 2027 [1]. - The charter rate is subject to 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 types such as Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax [3]. - The total carrying capacity of the fleet, excluding two new vessels yet to be delivered, is approximately 4.1 million deadweight tons (dwt), with a weighted average age of 12.14 years [3]. - The company anticipates the 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].