Diana Shipping, 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 extended the time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$16,650 minus a 5% commission paid to third parties, for a period until minimum February 15, 2026 up to maximum April 15, 2026. The new charter period is expected to commence on February 4, 2025. The m/v Semirio is currently chartered, as previously announced, at a gross charter rate of US$14,150 per day, minus a 5.00% commission paid to third parties.
The “Semirio” is an 174,261 dwt Capesize dry bulk vessel built in 2007.
The Company also announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Western Bulk Carriers AS, for one of its Ultramax dry bulk vessels, the m/v DSI Aquila. The gross charter rate is US$12,250 per day, minus a 5% commission paid to third parties, for a period of minimum five (5) months to about seven (7) months. The new charter period is expected to commence on January 23, 2025. The m/v DSI Aquila is currently chartered, as previously announced, at a gross charter rate of US$12,500 per day, minus a 5.00% commission paid to third parties.
The “DSI Aquila” is a 60,309 dwt Ultramax dry bulk vessel built in 2015.
The employment extensions of “Semirio” and “DSI Aquila” are anticipated to generate a total of approximately US$7.52 million of gross revenue for the minimum scheduled period of the time charters.
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 11.29 years.