Diana Shipping Announces Time Charter Contract with NYK

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Diana Shipping Inc. has secured a new time charter contract through its subsidiary with Nippon Yusen Kabushiki Kaisha, Tokyo, for its Kamsarmax vessel, m/v Myrto.

The contract features a gross charter rate of $12,000 per day (minus 5% commission) from December 23, 2024, until March 1, 2026, at minimum, with a possible extension to May 15, 2026. The charter is expected to generate approximately $5.11 million in gross revenue for the minimum period.

The Myrto is an 82,131 dwt vessel built in 2013. DSX’s current fleet comprises 38 dry bulk vessels with a combined capacity of 4.2 million dwt and an average age of 11.22 years. The company also anticipates delivery of two methanol dual fuel Kamsarmax vessels by 2027-2028.

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Source: Diana Shipping Inc.