- A Kamsarmax vessel has secured a new time charter at a higher daily rate
- The contract extends employment into early 2027
- The deal adds stable earnings visibility going into 2026
A new time charter agreement has been signed for a Kamsarmax dry bulk vessel, fixing the ship at USD 13,500 per day, excluding commission. The contract is scheduled to begin in early January 2026 and will run until at least December 2026, with an option extending into February 2027.
This represents a modest improvement compared with the vessel’s previous employment, reflecting firmer sentiment for medium-sized bulkers.
Revenue visibility strengthened
Based on the minimum charter duration, the employment is expected to generate around USD 4.7 million in gross revenue. The deal provides forward earnings cover through most of 2026, reducing near-term exposure to spot market volatility.
Such coverage remains attractive for owners as charterers continue to balance cautious demand with limited prompt availability.
Fleet positioning remains stable
The charter aligns with a broader strategy of maintaining a balanced fleet profile, combining contracted income with selective exposure to market upside. With an average fleet age close to industry norms and further newbuild deliveries planned over the next few years, the company remains positioned to navigate changing dry bulk market conditions.
Overall, the fixture underlines steady demand for Kamsarmax tonnage as charterers seek cost-effective capacity with operational flexibility.
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Source – Diana Shipping INC.
