- Diana Shipping has chartered its Ice Class Panamax vessel m/v Atalandi, expected to generate $3.62 million in revenue for the minimum term.
- The charter begins June 9, 2025, with rates of $9,000/day initially and $10,100/day thereafter, minus a 5% commission.
- The company operates a diversified fleet of 37 dry bulk vessels, totaling around 4.1 million dwt.
- Two methanol dual-fuel Kamsarmax vessels are scheduled for delivery in 2027 and 2028, supporting future fleet growth.
Diana Shipping Inc., a global operator specializing in dry bulk vessels, has signed a time charter agreement with Stone Shipping Ltd. for its Ice Class Panamax vessel, m/v Atalandi. The charter will begin on June 9, 2025, with a daily rate of $9,000 for the first 35 days and $10,100 thereafter, both subject to a 5% commission to third parties. The contract runs through a minimum of June 15, 2026, and may extend to a maximum of August 15, 2026.
Fleet Expansion and Revenue Outlook from New Charter
The m/v Atalandi is a 77,529 dwt Ice Class Panamax dry bulk vessel built in 2014. Under the new charter agreement, its employment is expected to generate around $3.62 million in gross revenue for the minimum term. Diana Shipping Inc.’s operating fleet currently includes 37 dry bulk vessels, spanning various classes—4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 6 Panamax, and 9 Ultramax vessels.
The company is also set to expand its fleet with the addition of two methanol dual-fuel Kamsarmax new builds, scheduled for delivery in late 2027 and early 2028. Presently, the fleet’s total carrying capacity stands at approximately 4.1 million dwt, with an average vessel age of 11.6 years.
Time Charter Agreement for m/v Atalandi and Fleet Update
This press release contains forward-looking statements, which are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements relate to the company’s plans, expectations, and projections, and are not historical facts. They often include terms such as “believe,” “anticipate,” “intend,” “estimate,” “plan,” “expect,” and similar expressions.
Such statements are based on various assumptions, many of which involve elements beyond the company’s control, including industry trends, operational data, and third-party sources. While Diana Shipping Inc. believes these assumptions are reasonable, they are subject to uncertainties that may cause actual outcomes to differ significantly from expectations.
Factors that could impact actual results include global economic conditions, fluctuations in charter rates, vessel values, fuel prices, regulatory changes, geopolitical risks, and other variables affecting the dry bulk shipping sector. Further details on these risks can be found in the company’s filings with the U.S. Securities and Exchange Commission. The company does not commit to updating any forward-looking statements, whether due to new information or future developments.
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Source: Diana Shipping Inc
