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 extended the time charter contract with Aquavita International S.A., for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is US$12,000 per day, minus a 4.75% commission paid to third parties, until a minimum of May 1, 2025, up to a maximum of July 15, 2025. According to an article published on their website, the new charter period is expected to commence on October 11, 2024.
Phaidra
The “Phaidra” is an 87,146 dwt Post-Panamax dry bulk vessel built in 2013.
The employment of “Phaidra” is anticipated to generate approximately US$2.4 million of gross revenue for the minimum scheduled period of the charter.
Diana Shipping Inc.’s fleet currently consists of 38 dry bulk vessels: 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 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 4.2 million dwt with a weighted average age of 11.01 years.
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Source: Diana Shipping
