Diana Shipping Inc. (NYSE: DSX) was virtually unchanged soon after Wednesday’s opening, as the Athens-based 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 Raffles Shipping International Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$10,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum March 1, 2025 up to maximum April 20, 2025. The charter is expected to commence tomorrow.
The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.
The employment of “Selina” is anticipated to generate approximately US$1.39 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: four Newcastlemax, eight Capesize, eight Post-Panamax, six Kamsarmax, six Panamax and nine 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.
DSX shares eased back half a cent to $2.40.
