Diana Shipping Inc. Announces New Charter for m/v DSI Aquila
ATHENS, Greece — Diana Shipping Inc. (NYSE: DSX), a prominent company in the shipping industry known for its ownership and chartering of dry bulk vessels, has made headlines recently. They have announced a time charter contract for their Ultramax vessel, the m/v DSI Aquila, with Bunge SA, based in Geneva. This contract is set to be highly beneficial for the company, reflecting strategic growth in their operations.
Details of the New Charter Contract
The time charter contract for the m/v DSI Aquila will see a gross charter rate of US$14,500 per day, with a commission of 5.00% payable to third parties. This contract will begin on October 12, 2025, and is slated to run until at least February 25, 2027, with the potential to extend up to April 25, 2027. Previously, this vessel was chartered to Western Bulk Carriers AS at a lower gross rate of US$12,250 per day.
Estimated Revenue from the Charter
This new contract is expected to generate around US$7.15 million in gross revenue during the minimum scheduled period, allowing Diana Shipping Inc. to enhance its revenue streams significantly and support future operational plans.
Current Fleet Status and Future Plans
Diana Shipping Inc. currently boasts a robust fleet consisting of 36 dry bulk vessels, including various classifications such as Newcastlemax, Capesize, Kamsarmax, Panamax, and Ultramax. The company is also preparing to expand its operations with the delivery of two dual-fuel Kamsarmax dry bulk vessels, predicted for the latter part of 2027 and early 2028, respectively. These advancements reflect the company's commitment to modernizing its fleet and enhancing its ecological footprint.
Fleet Capacity and Age
As of now, the fleet's combined carrying capacity stands at approximately 4.1 million dwt, with an average age of around 11.85 years. This positions Diana Shipping Inc. favorably in a competitive market.
About Diana Shipping Inc.
Diana Shipping Inc. is not just a player in the shipping transportation field; it's a dedicated provider of services through its diverse fleet of dry bulk vessels. These vessels primarily operate on short to medium-term time charters, transporting a variety of essential dry bulk commodities such as iron ore, coal, and grain, thereby contributing to the global economy.
Commitment to Industry Standards
The company adheres to high operational standards and regulatory compliance, ensuring safe and efficient transportation of goods across global shipping routes. This commitment has solidified their reputation and fostered long-term relationships with key partners like Bunge SA.
Corporate Contact Information
For further inquiries, interested parties can contact:
Ioannis Zafirakis
Director, Co-Chief Financial Officer
Chief Strategy Officer
Treasurer and Secretary
Phone: + 30-210-9470-100
Email: izafirakis@dianashippinginc.com
Website: www.dianashippinginc.com
Frequently Asked Questions
What is the charter rate for the m/v DSI Aquila?
The charter rate is set at US$14,500 per day, minus commission.
Who is the chartering partner for the m/v DSI Aquila?
The m/v DSI Aquila has been chartered to Bunge SA based in Geneva.
When is the charter expected to commence?
The charter is anticipated to commence on October 12, 2025.
How many vessels are in Diana Shipping's fleet?
Diana Shipping currently operates a fleet of 36 dry bulk vessels.
What is the carrying capacity of Diana Shipping's fleet?
The combined carrying capacity of their fleet is approximately 4.1 million dwt.
