Diana Shipping Inc. Announces Time Charter Contract for m/v Santa Barbara with Mitsui O.S.K. Lines
Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Mitsui O.S.K. Lines, Ltd., for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US$22,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum October 20, 2025 up to maximum December 20, 2025. The charter is expected to commence on December 28, 2024. The m/v Santa Barbara was chartered, as previously announced, to Smart Gain Shipping Co., Limited, at a gross charter rate of US$21,250 per day, minus a 5.00% commission paid to third parties.
The “Santa Barbara” is a 179,426 dwt Capesize dry bulk vessel built in 2015.
The employment of “Santa Barbara” is anticipated to generate approximately US$6.42 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 38 dry bulk vessels: 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax. The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.2 million dwt with a weighted average age of 11.22 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute a part of this press release.
Diana Shipping Inc. Announces Time Charter Contracts for m/v Santa Barbara With Cargill and m/v Salt Lake City With C Transport
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US$17,250 per day, minus a 4.75% commission paid to third parties, for a period until minimum January 5, 2022 up to maximum March 5, 2022. The charter is expected to commence tomorrow.
The “Santa Barbara” is a 179,426 dwt Capesize dry bulk vessel built in 2015.
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v Salt Lake City. The gross charter rate is US$13,000 per day, minus a 5% commission paid to third parties, for a period until minimum April 1, 2022 up to maximum June 30, 2022. The charter is expected to commence tomorrow.
The “Salt Lake City” is a 171,810 dwt Capesize dry bulk vessel built in 2005.
The employments of “Santa Barbara” and “Salt Lake City” are anticipated to generate approximately US$11.89 million of gross revenue for the minimum scheduled period of the time charters.
Upon completion of the previously announced sales of two Panamax dry bulk vessels, the m/v Coronis and the m/v Oceanis, and one Capesize dry bulk vessel, the m/v Sideris GS, Diana Shipping Inc.’s fleet will consist of 37 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 11 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Coronis, the m/v Oceanis and the m/v Sideris GS, is approximately 5.0 million dwt with a weighted average age of 10.26 years.