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Diana Shipping Inc. Announces Time Charter Contract for m/v Seattle with SwissMarine and the Sale of a Dry Bulk Vessel, the m/v DSI Drammen
Globenewswire· 2025-11-21 14:25
Core Points - Diana Shipping Inc. has entered into a time charter contract with SwissMarine Pte. Ltd. for the Capesize dry bulk vessel m/v Seattle at a gross charter rate of US$24,500 per day, expected to commence on November 26, 2025, and lasting until at least May 1, 2027, up to June 30, 2027 [1][2] - The m/v Seattle is expected to generate approximately US$12.62 million in gross revenue for the minimum scheduled period of the time charter [2] - The company has signed a Memorandum of Agreement to sell the Ultramax dry bulk vessel m/v DSI Drammen for approximately US$26.40 million, with delivery to the buyer by March 31, 2026 [3] - Diana Shipping Inc.'s fleet consists of 36 dry bulk vessels with a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 11.99 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] - The company primarily provides shipping transportation services through the ownership and bareboat charter-in of dry bulk vessels, transporting various commodities along global shipping routes [5]
Diana Shipping Inc. Announces Time Charter Contract for m/v Seattle with SwissMarine and the Sale of a Dry Bulk Vessel, the m/v DSI Drammen
Globenewswire· 2025-11-21 14:25
Core Points - Diana Shipping Inc. has entered into a time charter contract with SwissMarine Pte. Ltd. for the Capesize dry bulk vessel m/v Seattle at a gross charter rate of US$24,500 per day, expected to commence on November 26, 2025, and lasting until at least May 1, 2027, up to June 30, 2027 [1] - The m/v Seattle is expected to generate approximately US$12.62 million in gross revenue for the minimum scheduled period of the time charter [2] - The company has signed a Memorandum of Agreement to sell the Ultramax dry bulk vessel m/v DSI Drammen for approximately US$26.40 million, with delivery to the buyer by March 31, 2026 [3] - Diana Shipping Inc.'s fleet consists of 36 dry bulk vessels with a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 11.99 years [4] - The company is set 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] - Diana Shipping Inc. primarily provides shipping transportation services through the ownership and bareboat charter-in of dry bulk vessels, transporting various commodities along global shipping routes [5]