Diana Shipping Inc. specializes in providing maritime transportation solutions. The company is responsible for the global carriage of various dry bulk commodities, such as iron ore, coal, grain, and other loose materials, across shipping routes worldwide. As of April 13, 2022, their operational fleet comprised 35 dry bulk carriers, detailed as 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax vessels. Formed in 1999, the organization was originally known as Diana Shipping Investments Corp. before officially becoming Diana Shipping Inc. in February 2005. Its primary operational base is located in Athens, Greece.
Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Polaris with Dai An Ocean Shipping
Diana Shipping (NYSE: DSX) has fixed its 60,404 dwt Ultramax vessel DSI Polaris to Dai An Ocean Shipping under a time charter at a gross rate of US$18,000 per day, minus a 5.00% commission, commencing September 25, 2026 and running until a minimum of May 1, 2028 (maximum June 30, 2028).
The minimum scheduled period is expected to generate approximately US$10.37 million in gross revenue, with the new rate roughly 47% above the US$12,250 per day (less 4.75% commission) the vessel currently earns from Cargill Ocean Transportation.
Diana's fleet stands at 36 dry bulk vessels totaling about 4.1 million dwt with a weighted average age of 12.83 years, and the company expects delivery of two methanol dual-fuel Kamsarmax newbuildings by H2 2027 and H1 2028.