Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Refined Success Limited, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is US$27,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum February 1, 2028 up to maximum March 31, 2028. The charter is expected to commence on May 1, 2026. The m/v New York is currently chartered, as previously announced, at a gross charter rate of US$17,600 per day, minus a 5.00% commission paid to third parties.
The “New York” is a 177,773 dwt Capesize dry bulk vessel built in 2010.
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff GmbH & Co. KG, for one of its Ultramax dry bulk vessels, the m/v DSI Pyxis. The gross charter rate is US$16,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum June 15, 2027 up to maximum August 15, 2027. The charter is expected to commence on May 3, 2026. The m/v DSI Pyxis is currently chartered, as previously announced, at a gross charter rate of US$13,100 per day, minus a 5.00% commission paid to third parties.
The “DSI Pyxis” is a 60,362 dwt Ultramax dry bulk vessel built in 2018.
The employments of “New York” and “DSI Pyxis” are anticipated to generate approximately US$23.76 million of gross revenue for the minimum scheduled period of the time charters.
Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax). The Company also 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, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 12.43 years.
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