- Diana Shipping Inc. (NYSE: DSX), a global leader in dry bulk vessel ownership and bareboat chartering, has extended the time charter contract for its Post-Panamax vessel m/v Amphitrite with Cobelfret S.A., Luxembourg.
- The new contract, commencing December 31, 2024, will generate approximately $4.22 million in gross revenue for the minimum scheduled period.
Key Details
- Extended Charter Terms: The gross charter rate is set at $8,750 per day for the first 50 days and $12,100 per day for the remaining period, minus a 5% third-party commission.
- Charter Duration: Minimum until January 1, 2026, and maximum until March 15, 2026.
- Vessel Specifications: Amphitrite is a 98,697 dwt Post-Panamax dry bulk vessel built in 2012.
Fleet Overview
Diana Shipping Inc. operates a fleet of 38 dry bulk vessels, including Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax ships, with a combined carrying capacity of approximately 4.2 million dwt and an average age of 11.23 years. The Company is also set to expand its fleet with two methanol dual-fuel Kamsarmax vessels scheduled for delivery in 2027 and 2028.
Future Outlook
The charter extension reflects Diana Shipping’s ongoing commitment to optimizing fleet utilization and maintaining steady revenue streams while preparing for sustainable growth with upcoming eco-friendly vessel additions.
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Source: Diana Shipping Inc.
