Diana Shipping Inc. Announces Time Charter Contracts for m/v DSI Pyxis

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Credits: Diana Shipping

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Marine Limited for one of its Ultramax dry bulk vessels, the m/v DSI Pyxis. The gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period until minimum October 10, 2024 up to maximum December 10, 2024. The charter commenced on September 24, 2023, says an article published on their website.

DSI Pyxis

The “DSI Pyxis” is a 60,362 dwt Ultramax dry bulk vessel built in 2018.

The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Maia. The gross charter rate is US$13,500 per day, minus a 5% commission paid to third parties, for a period until minimum June 15, 2024 up to maximum August 20, 2024. The charter commenced on September 23, 2023.

The “Maia” is a 82,193 dwt Kamsarmax dry bulk vessel built in 2009.

The employments of “DSI Pyxis” and “Maia” are anticipated to generate approximately US$8.91 million of gross revenue for the minimum scheduled periods of the time charters.

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Source: Diana Shipping Inc