Diana Shipping Inc. Announces Time Charter Contract For m/v DSI Phoenix With Cargill Ocean Transportation
Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract for its Ultramax vessel m/v DSI Phoenix with Cargill Ocean Transportation. The contract specifies a gross charter rate of $13,500 per day, with a 4.75% third-party commission, extending from August 3, 2025, until minimum October 1, 2026.
The charter is expected to generate approximately $5.64 million in gross revenue for the minimum scheduled period. The DSI Phoenix is a 60,456 dwt vessel built in 2017. Diana Shipping's fleet currently comprises 36 dry bulk vessels with a combined capacity of 4.1 million dwt and has two methanol dual fuel Kamsarmax vessels on order for delivery by 2028.
Diana Shipping Inc. (NYSE: DSX) ha ottenuto un nuovo contratto di nolo a tempo per la sua nave Ultramax m/v DSI Phoenix con Cargill Ocean Transportation. Il contratto prevede un nolo lordo di 13.500 dollari al giorno, con una commissione del 4,75% a terzi, valido dal 3 agosto 2025 fino almeno al 1 ottobre 2026.
Il nolo dovrebbe generare circa 5,64 milioni di dollari di ricavi lordi per il periodo minimo previsto. La DSI Phoenix è una nave da 60.456 dwt costruita nel 2017. La flotta di Diana Shipping conta attualmente 36 navi da carico secco con una capacità complessiva di 4,1 milioni di dwt e ha due navi Kamsarmax a doppia alimentazione metanolo in ordine, con consegna prevista entro il 2028.
Diana Shipping Inc. (NYSE: DSX) ha asegurado un nuevo contrato de fletamento por tiempo para su buque Ultramax m/v DSI Phoenix con Cargill Ocean Transportation. El contrato establece una tarifa bruta de fletamento de 13.500 dólares por día, con una comisión del 4,75% a terceros, desde el 3 de agosto de 2025 hasta al menos el 1 de octubre de 2026.
Se espera que el fletamento genere aproximadamente 5,64 millones de dólares en ingresos brutos durante el período mínimo programado. La DSI Phoenix es un buque de 60.456 dwt construido en 2017. La flota de Diana Shipping actualmente cuenta con 36 buques de carga seca con una capacidad combinada de 4,1 millones de dwt y tiene dos buques Kamsarmax de combustible dual metanol en pedido para entrega en 2028.
Diana Shipping Inc. (NYSE: DSX)는 Ultramax 선박 m/v DSI Phoenix에 대해 Cargill Ocean Transportation과 새로운 기간용 용선 계약을 체결했습니다. 계약은 일일 총 용선료 13,500달러와 4.75%의 제3자 수수료를 명시하며, 2025년 8월 3일부터 최소 2026년 10월 1일까지 유효합니다.
이 용선 계약은 최소 예정 기간 동안 약 5.64백만 달러의 총 수익을 창출할 것으로 예상됩니다. DSI Phoenix는 2017년에 건조된 60,456 dwt 선박입니다. Diana Shipping의 함대는 현재 총 410만 dwt 용량의 36척의 건화물선으로 구성되어 있으며, 2028년까지 인도 예정인 메탄올 듀얼 연료 Kamsarmax 선박 2척을 주문 중입니다.
Diana Shipping Inc. (NYSE : DSX) a conclu un nouveau contrat d'affrètement à temps pour son navire Ultramax m/v DSI Phoenix avec Cargill Ocean Transportation. Le contrat prévoit un taux d'affrètement brut de 13 500 $ par jour, avec une commission tierce de 4,75 %, s'étendant du 3 août 2025 au minimum jusqu'au 1er octobre 2026.
Ce contrat devrait générer environ 5,64 millions de dollars de revenus bruts pour la période minimale prévue. Le DSI Phoenix est un navire de 60 456 tpl construit en 2017. La flotte de Diana Shipping comprend actuellement 36 navires vraquiers d'une capacité totale de 4,1 millions de tpl et compte deux navires Kamsarmax à double carburant méthanol en commande, dont la livraison est prévue d'ici 2028.
Diana Shipping Inc. (NYSE: DSX) hat einen neuen Zeitchartervertrag für ihr Ultramax-Schiff m/v DSI Phoenix mit Cargill Ocean Transportation abgeschlossen. Der Vertrag sieht eine Bruttocharterrate von 13.500 US-Dollar pro Tag vor, zuzüglich einer Drittprovision von 4,75 %, und gilt vom 3. August 2025 bis mindestens 1. Oktober 2026.
Der Chartervertrag soll in der mindestens geplanten Laufzeit etwa 5,64 Millionen US-Dollar Bruttoeinnahmen generieren. Die DSI Phoenix ist ein 60.456 dwt großes Schiff, gebaut im Jahr 2017. Die Flotte von Diana Shipping umfasst derzeit 36 Trockenmassengutfrachter mit einer Gesamtkapazität von 4,1 Millionen dwt und hat zwei methanolbetriebene Dual-Fuel-Kamsarmax-Schiffe in Auftrag, die bis 2028 geliefert werden sollen.
- None.
- Relatively high fleet age of 11.67 years
- New dual fuel vessels delivery not until 2027-2028
ATHENS, Greece, July 25, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a 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 Cargill Ocean Transportation (Singapore) Pte. Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Phoenix. The gross charter rate is US
The “DSI Phoenix” is a 60,456 dwt Ultramax dry bulk vessel built in 2017.
The employment of “DSI Phoenix” is anticipated to generate approximately US
Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 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 4.1 million dwt, with a weighted average age of 11.67 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 part of this press release.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, tariff policies and other trade restrictions, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Corporate Contact:
Ioannis Zafirakis
Director, Co-Chief Financial Officer,
Chief Strategy Officer,
Treasurer and Secretary
Telephone: + 30-210-9470-100
Email: izafirakis@dianashippinginc.com
Website: www.dianashippinginc.com
X: @Dianaship
Investor Relations/Media Contact:
Nicolas Bornozis / Daniela Guerrero
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, N.Y. 10169
Tel.: (212) 661-7566
Email: diana@capitallink.com
FAQ
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