Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in dry bulk vessels, announced a new time charter contract for its Capesize vessel, the m/v G. P. Zafirakis, with Nippon Yusen Kabushiki Kaisha (NYK). The vessel will earn a gross charter rate of $26,800 per day for 23 to 26 months, starting from September 9, 2024.
Charter Details
The m/v G. P. Zafirakis, a 179,492 dwt vessel built in 2014, is expected to generate approximately $18.49 million in gross revenue over the minimum charter period. Previously, the vessel was chartered at $17,000 per day, making this new contract a significant improvement in earnings.
Fleet Overview
Following the sale of the m/v Houston, Diana Shipping Inc.’s fleet will consist of 38 dry bulk vessels. The fleet includes various vessel types, such as Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax, with a combined carrying capacity of approximately 4.4 million dwt and an average age of 11.06 years.
Forward-Looking Statements
The company’s press release also includes cautionary statements regarding forward-looking information, emphasizing that such statements are subject to significant uncertainties and factors that could impact actual results. These factors include market conditions, global economic stability, political risks, and other operational challenges.
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Source: DIANA SHIPPING INC.
