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Diana Shipping Inc. Announces Time Charter Contracts for m/v Philadelphia With Refined Success and m/v Phaidra With SwissMarine
Globenewswire· 2025-05-27 13:00
Core Viewpoint - Diana Shipping Inc. has entered into time charter contracts for two dry bulk vessels, the m/v Philadelphia and the m/v Phaidra, which are expected to generate significant revenue for the company [1][3][4]. Group 1: Charter Contracts - The m/v Philadelphia, a Newcastlemax dry bulk vessel, has a gross charter rate of US$21,500 per day, with a contract period from May 29, 2025, to between June 9, 2026, and August 8, 2026 [1]. - The m/v Phaidra, a Post-Panamax dry bulk vessel, has a gross charter rate of US$9,750 per day, with a contract period from May 31, 2025, to between January 1, 2026, and February 28, 2026 [3]. - The combined employments of the Philadelphia and Phaidra are anticipated to generate approximately US$10.03 million in gross revenue for the minimum scheduled periods of the time charters [4]. Group 2: Fleet Information - Diana Shipping Inc. currently operates a fleet of 37 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 6 Panamax, and 9 Ultramax vessels [5]. - The total carrying capacity of the fleet, excluding two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.57 years [5]. - 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 [5]. 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 [6]. - The company's vessels primarily transport a range of dry bulk cargoes, including iron ore, coal, and grain, along worldwide shipping routes [6].