Diana Shipping Announces New Time Charter Contract For M/V Polymnia


Diana Shipping Inc. (NYSE: DSX), a global leader in dry bulk shipping, announces a new time charter contract for its Post-Panamax dry bulk vessel, the m/v Polymnia. 

Contract: Reachy Shipping (SGP) Pte. Ltd. chartered the m/v Polymnia.

Charter Rate: US$17,500 per day (gross) for a minimum of 14 months, up to a maximum of 16 months. 

Start Date: Expected to commence on June 8, 2024.

Revenue: The contract is anticipated to generate approximately US$7.25 million in gross revenue for the minimum scheduled period.

Fleet Update: Upon completion of the previously announced sale of m/v Houston, Diana Shipping’s fleet will consist of 38 vessels.

Additional Information

The m/v Polymnia is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012.Diana Shipping expects to take delivery of two new Kamsarmax dry bulk vessels by 2028.

About Diana Shipping Inc.

Diana Shipping Inc. is a global provider of shipping transportation services specializing in the ownership and operation of dry bulk vessels. The Company’s vessels transport various dry bulk cargoes worldwide.

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Source: Diana Shipping Inc.