- Charter to generate $6.03 million in revenue.
- m/v New York charter starts January 12, 2025.
- The Fleet totals 38 vessels with a 4.2 million dwt capacity.
Diana Shipping Inc. (NYSE: DSX), a global shipping company specialising in the ownership and bareboat charter-in of dry bulk vessels, has announced that it has entered into a time charter agreement through a wholly-owned subsidiary. The agreement is with SwissMarine Pte. Ltd., Singapore, for its Capesize dry bulk vessel, the m/v New York, reports Diana Shipping Inc.
Details About the m/v New York
The m/v New York is a Capesize dry bulk vessel with a carrying capacity of 177,773 dwt. This vessel was built in 2010 and will significantly contribute to the fleet operations of Diana Shipping Inc. during the charter period.
Fleet Overview
Diana Shipping Inc. currently operates a fleet of 38 dry bulk vessels, comprising 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax, and 9 Ultramax vessels. The Company’s combined carrying capacity, excluding new builds, is approximately 4.2 million dwt, with a weighted average fleet age of 11.28 years.
The Company is also expanding its fleet with the planned delivery of two methanol dual-fuel Kamsarmax dry bulk vessels. These vessels are scheduled for delivery in the second half of 2027 and the first half of 2028, further enhancing the Company’s capacity and sustainability initiatives.
About Diana Shipping Inc.
Diana Shipping Inc. provides shipping transportation services worldwide, focused on the ownership and chartering of dry bulk vessels. It focuses on time charters to transport dry bulk cargoes such as iron ore, coal, grain, and other commodities across international shipping routes.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements reflect expectations, projections, and assumptions about future events and outcomes, which are inherently uncertain and beyond the Company’s control.
Potential risks include fluctuations in charter rates and vessel values, changes in market demand for shipping capacity, operating expenses, and regulatory changes. Additionally, geopolitical factors, including conflicts such as the Russia-Ukraine war and escalating tensions in the Middle East, could impact the Company’s operations.
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Source: Diana Shipping Inc
