- Diana Shipping Inc. has entered a time charter contract with Oldendorff Carriers for the Post-Panamax vessel m/v Polymnia, commencing August 17, 2025.
- The charter rate is set at US $14,000 per day, less a 5% commission, running until at least April 10, 2026, and up to June 10, 2026.
- The vessel is expected to generate approximately US $3.28 million in gross revenue for the minimum charter period.
- The company’s fleet consists of 36 dry bulk vessels, with plans to add two methanol dual-fuel Kamsarmax vessels by 2028.
Diana Shipping Inc., a global shipping company listed on the NYSE under the ticker DSX, has announced that one of its Post-Panamax dry bulk vessels, the m/v Polymnia, will be chartered to Oldendorff Carriers GmbH & Co. KG. The time charter agreement, arranged through a wholly-owned subsidiary, sets a gross rate of US $14,000 per day, less a 5% commission, for a period running from at least April 10, 2026, to at most June 10, 2026, with commencement scheduled for August 17, 2025.
Vessel Details and Fleet Overview
The m/v Polymnia is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012. Under its new time charter, the vessel is expected to generate approximately US $3.28 million in gross revenue for the minimum scheduled period. Diana Shipping Inc.’s fleet currently includes 36 dry bulk vessels, comprising 4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax, and 9 Ultramax units.
The company also anticipates the addition of two methanol dual-fuel newbuilding Kamsarmax vessels, scheduled for delivery in the second half of 2027 and the first half of 2028. At present, the combined carrying capacity of the operating fleet, excluding these upcoming deliveries, is about 4.1 million dwt, with a weighted average age of 11.72 years.
This announcement contains forward-looking statements as defined under the U.S. Private Securities Litigation Reform Act of 1995, which provides safe harbor protections for such statements. These may include expectations, plans, projections, and other statements that are not historical facts, identified by terms such as “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “plan,” “potential,” “may,” “should,” and “expect.” Such statements are based on various assumptions, many of which involve significant uncertainties beyond the company’s control.
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Source: Diana Shipping Inc
