Diana Shipping Inc. Announces Time Charter Contract for M/V Santa Barbara with Norden
Diana Shipping (NYSE: DSX) entered a time charter with Dampskibsselskabet Norden A/S for the Capesize m/v Santa Barbara. The gross rate is US$25,500/day minus a 5.00% commission, for a period from commencement expected on November 29, 2025 until minimum March 1, 2027 and maximum April 30, 2027.
The vessel is 179,426 dwt (built 2015) and the employment is expected to generate approximately US$11.48 million of gross revenue for the minimum charter period. The ship was previously chartered at US$22,000/day (minus 5% commission). Diana Shipping's fleet totals 36 dry bulk vessels with combined carrying capacity of ~4.1 million dwt and a weighted average age of 11.96 years. The company expects delivery of two methanol dual fuel Kamsarmax newbuilds in H2 2027 and H1 2028.
Diana Shipping (NYSE: DSX) ha stipulato una time charter con Dampskibsselskabet Norden A/S per il Capesize m/v Santa Barbara. La tariffa lorda è US$25.500 al giorno meno una commissione del 5,00%, per un periodo da inizio previsto il 29 novembre 2025 fino al minimo 1 marzo 2027 e al massimo 30 aprile 2027.
La nave è di 179.426 dwt (costruita nel 2015) e l'occupazione dovrebbe generare circa US$11,48 milioni di entrate lorde per il periodo minimo di charter. La nave era precedentemente noleggiata a US$22.000 al giorno (meno la commissione del 5%). La flotta di Diana Shipping è composta da 36 navi dry bulk con una capacità di trasporto combinata di circa 4,1 milioni di dwt e un'età media ponderata di 11,96 anni. L'azienda prevede la consegna di due nuove navi Kamsarmax dual-fuel a methanol nel secondo semestre del 2027 e nel primo semestre del 2028.
Diana Shipping (NYSE: DSX) decidió una time charter con Dampskibsselskabet Norden A/S para el Capesize m/v Santa Barbara. La tarifa bruta es US$25,500/día menos una comisión del 5,00%, para un periodo desde el inicio previsto el 29 de noviembre de 2025 hasta un mínimo de 1 de marzo de 2027 y un máximo de 30 de abril de 2027.
La embarcación tiene 179,426 dwt (construida en 2015) y se espera que el empleo genere aproximadamente US$11.48 millones de ingresos brutos para el periodo mínimo del charter. El buque estaba chartered previamente a US$22,000/día (menos comisión del 5%). La flota de Diana Shipping suma 36 buques a granel secos con una capacidad total de transporte de ~4.1 millones de dwt y una edad media ponderada de 11.96 años. La empresa espera la entrega de dos nuevos buques Kamsarmax dual fuel de methanol en la H2 de 2027 y la H1 de 2028.
Diana Shipping (NYSE: DSX)는 Capesize m/v Santa Barbara에 대해 Norden A/S와 시간계약을 체결했습니다. 총 운임은 미화 25,500달러/일이며 5.00%의 수수료를 차감합니다. 시작 예정일은 2025년 11월 29일이며 최소 기간은 2027년 3월 1일에서 최대 2027년 4월 30일까지입니다.
선박은 179,426 dwt이며(2015년 건조) 고용은 최소 기간의 총수익이 약 미화 1,148만 달러가 될 것으로 예상됩니다. 이 선박은 이전에 미화 22,000달러/일에 임차되었고 수수료는 5% 차감입니다. Diana Shipping의 함대는 36척의 건조 벌크선으로 운송능력 합계는 약 410만 dwt, 가중평균 연령은 11.96년입니다. 회사는 2027년 하반기와 2028년 상반기에 두 대의 메탄올 이중연료 Kamsarmax 신조의 인도를 기대합니다.
Diana Shipping (NYSE: DSX) a conclu une time charte avec Dampskibsselskabet Norden A/S pour le Capesize m/v Santa Barbara. Le taux brut est US$25 500/jour moins une commission de 5,00%, pour une période comprise entre le début prévu le 29 novembre 2025 et au minimum le 1er mars 2027 et au maximum le 30 avril 2027.
Le navire pèse 179 426 dwt (construit en 2015) et l’emploi devrait générer environ US$11,48 millions de revenus bruts pour la période minimale de charte. Le navire était auparavant charteré à US$22 000/jour (moins une commission de 5%). La flotte de Diana Shipping compte 36 navires en vrac sec avec une capacité totale d’environ 4,1 millions de dwt et un âge moyen pondéré de 11,96 ans. L’entreprise prévoit la livraison de deux nouveaux Kamsarmax bi-carburants methanol en H2 2027 et H1 2028.
Diana Shipping (NYSE: DSX) hat eine Time-Charter mit Dampskibsselskabet Norden A/S für die Capesize m/v Santa Barbara abgeschlossen. Die Bruttorate beträgt US$25.500/Tag abzüglich einer Provision von 5,00%, für einen Zeitraum ab dem voraussichtlichen Beginn am 29. November 2025 bis mindestens zum 1. März 2027 und maximal zum 30. April 2027.
Das Schiff hat 179.426 dwt (Baujahr 2015) und der Einsatz soll voraussichtlich etwa US$11,48 Millionen Bruttoumsatz für den Mindestcharterzeitraum generieren. Das Schiff wurde zuvor zu US$22.000/Tag (abzüglich 5% Provision) gechartert. Die Flotte von Diana Shipping umfasst 36 Trockenbulkwerften mit einer kombinierten Tragfähigkeit von ~4,1 Mio. dwt und einem gewichteten Durchschnittsalter von 11,96 Jahren. Das Unternehmen rechnet mit der Lieferung von zwei Methanol-Dual-Fuel-Kamsarmax-Neubauten in H2 2027 und H1 2028.
داياان شيبينغ (بورصة نيويورك: DSX) أبرمت عقداً تعبئة زمنية مع Dampskibsselskabet Norden A/S للناقلة Capesize m/v Santa Barbara. السعر الإجمالي هو US$25,500/اليوم ناقص عمولة 5.00%، لفترة من بدء التنفيذ المتوقع في 29 نوفمبر 2025 حتى الحد الأدنى 1 مارس 2027 والحد الأقصى 30 أبريل 2027.
السفينة تبلغ 179,426 dwt (بناء 2015) ومن المتوقع أن يولد التوظيف نحو US$11.48 مليون من الإيرادات الإجمالية لفترة العقد الأدنى. كانت السفينة قد استأجرت سابقاً بمقدار US$22,000/اليوم (بعد خصم عمولة 5%). أسطول داياان شيبينغ يتكون من 36 سفينة مجزّرة صلبة بسعة إجمالية تقارب 4.1 مليون dwt وعمـر متوسط وزني قدره 11.96 سنة. تتوقع الشركة تسليم اثنتين من سفن كمسارماكس جديدة تعمل بالوقود الميثانول في النصف الثاني من 2027 والنصف الأول من 2028.
- Charter rate increased to US$25,500/day from prior US$22,000/day
- Minimum scheduled gross revenue of US$11.48 million for the charter term
- 36-vessel fleet with ~4.1 million dwt combined carrying capacity
- Two methanol dual fuel Kamsarmax newbuilds expected by H2 2027 and H1 2028
- 5.00% commission to third parties reduces net charter proceeds
- Charter term is limited (min Mar 1, 2027 to max Apr 30, 2027) creating short‑term revenue visibility
- Fleet weighted average age of 11.96 years may imply higher maintenance/efficiency risk
Insights
New time charter boosts short-term revenue and raises daily rate versus prior employment.
The company secured a time charter for the m/v Santa Barbara at a gross rate of
Key dependencies and risks include the stated minimum/maximum charter duration and commission structure; revenue impact scales directly with the actual earliest and latest redelivery dates within the announced window. Fleet statistics provided (36 vessels, ~4.1 million dwt combined capacity, weighted average age 11.96 years) contextualize the size of this single-vessel contract relative to the fleet. Watch the charter start on
ATHENS, Greece, Nov. 10, 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 Dampskibsselskabet Norden A/S, for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US
The “Santa Barbara” is a 179,426 dwt Capesize bulk vessel built in 2015.
The employment of “Santa Barbara” 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 11.96 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
What is the daily charter rate for Diana Shipping's m/v Santa Barbara (DSX) with Norden?
When does the Norden time charter for Santa Barbara (DSX) start and how long does it run?
How much revenue will the Santa Barbara charter generate for Diana Shipping (DSX)?
What size and age is the m/v Santa Barbara under Diana Shipping (DSX)?
How large is Diana Shipping's fleet and what is its combined capacity (DSX)?
When will Diana Shipping (DSX) receive its new methanol dual fuel Kamsarmax vessels?
