m/v Electra
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Diana Shipping Inc. Announces Time Charter Contract for m/v Electra With Oldendorff Carriers and Termination of Sale Agreement for m/v DSI Drammen
Globenewswire· 2025-11-17 14:15
Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Post-Panamax dry bulk vessel, the m/v Electra, with a gross charter rate of US$14,000 per day, expected to generate approximately US$5.00 million in gross revenue for the minimum charter period [1][2]. Group 1: Charter Agreement - The time charter contract with Oldendorff Carriers GmbH & Co. KG is for a period from December 4, 2025, until at least December 1, 2026, and up to January 31, 2027 [1]. - The gross charter rate is US$14,000 per day, with a 5.00% commission paid to third parties [1]. Group 2: Vessel Details - The m/v Electra is an 87,150 dwt Post-Panamax bulk vessel built in 2013 [2]. - The employment of the Electra is anticipated to generate approximately US$5.00 million of gross revenue for the minimum scheduled period of the time charter [2]. Group 3: Fleet Information - Diana Shipping Inc. currently operates a fleet of 36 dry bulk vessels, including various classes such as Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax [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 11.98 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 Overview - Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels [5]. - The company's vessels primarily transport a range of dry bulk cargoes, including iron ore, coal, and grain along worldwide shipping routes [5].