Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Pegasus with Fednav International
Rhea-AI Summary
Diana Shipping (NYSE: DSX) entered into a new time charter contract, through a wholly-owned subsidiary, with Fednav International for its 60,508 dwt Ultramax dry bulk vessel m/v DSI Pegasus. The gross charter rate is US$18,350 per day, less 5.00% commission to third parties, for a period from minimum August 15, 2027 to maximum October 15, 2027, with commencement expected on July 27, 2026.
The vessel is currently chartered to Cargill Ocean Transportation at US$14,250 per day, less 4.75% commission. The new employment is anticipated to generate about US$6.95 million of gross revenue for the minimum scheduled period. Diana Shipping reports a fleet of 36 dry bulk vessels totaling approximately 4.1 million dwt, excluding two methanol dual fuel Kamsarmax newbuildings expected by late 2027 and early 2028.
Positive
- New DSI Pegasus charter rate US$18,350/day vs prior US$14,250/day
- Minimum charter period revenue approximately US$6.95 million gross
- Fleet size 36 dry bulk vessels totaling about 4.1 million dwt
- Two methanol dual fuel Kamsarmax newbuildings expected by 2H 2027 and 1H 2028
Negative
- None.
News Market Reaction – DSX
In the Jul 20 session, DSX gained 5.37%, reflecting a notable positive market reaction. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 14 | Earnings date notice | Neutral | -0.2% | Company scheduled release of second-quarter financial results and related conference call. |
| Jul 13 | Tender offer extension | Neutral | -0.5% | Company extended its tender offer for outstanding Genco shares to July 24. |
| Jul 08 | Tender offer appeal | Neutral | -1.4% | Company publicly challenged Genco’s response to its outstanding tender offer. |
| Jul 08 | Tender offer solicitation | Neutral | +0.0% | Company urged Genco shareholders to tender their shares by the stated deadline. |
| Jul 07 | Time charter contract | Positive | -1.4% | Company fixed the Medusa under a new charter at a higher daily rate. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent company announcements were generally followed by negative 24-hour reactions, including the prior time-charter announcement.
Key Terms
time charter financial
bareboat charter-in financial
ultramax technical
methanol dual fuel technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
ATHENS, Greece, July 20, 2026 (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 Fednav International Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Pegasus. The gross charter rate is US
The “DSI Pegasus” is a 60,508 dwt Ultramax dry bulk vessel built in 2015.
The employment of “DSI Pegasus” is anticipated to generate a total of 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 12.65 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:
Margarita Veniou
Chief Corporate Development, Governance &
Communications Officer and Secretary
Telephone: + 30-210-9470-100
Email: mveniou@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
