m/v DSI Aquarius
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Diana Shipping Inc. Announces Time Charter Contract for m/v Los Angeles with MOL and Direct Continuation of Time Charter Contract for m/v DSI Aquarius with Bunge
Globenewswire· 2025-11-03 14:15
Core Viewpoint - Diana Shipping Inc. has entered into time charter contracts for two dry bulk vessels, which are expected to generate significant revenue for the company [1][2][3]. Group 1: Charter Contracts - The company has signed a time charter contract with MOL Ocean Bulk Pte. Ltd. for the m/v Los Angeles at a gross charter rate of US$24,000 per day, effective from November 1, 2025, until a minimum of September 10, 2026, and a maximum of November 1, 2026 [1]. - Additionally, the company has extended the time charter contract with Bunge SA for the m/v DSI Aquarius at a gross charter rate of US$14,500 per day, expected to commence on November 8, 2025, and lasting until a minimum of November 1, 2026, and a maximum of December 31, 2026 [2]. Group 2: Revenue Generation - The employments of the m/v Los Angeles and m/v DSI Aquarius are anticipated to generate approximately US$12.55 million in gross revenue for the minimum scheduled period of the time charters [3]. Group 3: Fleet Overview - 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 [4]. - The combined carrying capacity of the fleet, excluding two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.94 years [4]. - 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 [4]. Group 4: Company Profile - Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels, primarily engaged in short to medium-term time charters [5].