Diana Shipping Inc. Announces Time Charter Contracts for m/v Philadelphia With Refined Success and m/v Phaidra With SwissMarine
Diana Shipping Inc. (NYSE: DSX) has secured two new time charter contracts for its vessels. The Newcastlemax vessel m/v Philadelphia (206,040 dwt) will be chartered to Refined Success Limited at $21,500 per day from May 29, 2025, until June-August 2026. The Post-Panamax vessel m/v Phaidra (87,146 dwt) will be chartered to SwissMarine at $9,750 per day from May 31, 2025, until January-February 2026.
These contracts are expected to generate approximately $10.03 million in gross revenue. Diana Shipping's fleet comprises 37 dry bulk vessels with a combined capacity of 4.1 million dwt and an average age of 11.57 years. The company also anticipates delivery of two methanol dual fuel Kamsarmax vessels by 2028.
Diana Shipping Inc. (NYSE: DSX) ha firmato due nuovi contratti di noleggio a tempo per le sue navi. La nave Newcastlemax m/v Philadelphia (206.040 dwt) sarà noleggiata a Refined Success Limited a 21.500 dollari al giorno dal 29 maggio 2025 fino a un periodo compreso tra giugno e agosto 2026. La nave Post-Panamax m/v Phaidra (87.146 dwt) sarà noleggiata a SwissMarine a 9.750 dollari al giorno dal 31 maggio 2025 fino a un periodo tra gennaio e febbraio 2026.
Questi contratti dovrebbero generare un ricavo lordo di circa 10,03 milioni di dollari. La flotta di Diana Shipping è composta da 37 navi bulk secche con una capacità complessiva di 4,1 milioni di dwt e un'età media di 11,57 anni. L’azienda prevede inoltre la consegna di due navi Kamsarmax a doppio carburante metanolo entro il 2028.
Diana Shipping Inc. (NYSE: DSX) ha asegurado dos nuevos contratos de fletamento a tiempo para sus buques. El buque Newcastlemax m/v Philadelphia (206.040 dwt) será fletado a Refined Success Limited a 21.500 dólares por día desde el 29 de mayo de 2025 hasta entre junio y agosto de 2026. El buque Post-Panamax m/v Phaidra (87.146 dwt) será fletado a SwissMarine a 9.750 dólares por día desde el 31 de mayo de 2025 hasta entre enero y febrero de 2026.
Se espera que estos contratos generen aproximadamente 10,03 millones de dólares en ingresos brutos. La flota de Diana Shipping consta de 37 buques de carga seca con una capacidad combinada de 4,1 millones de dwt y una edad promedio de 11,57 años. La compañía también anticipa la entrega de dos buques Kamsarmax de doble combustible de metanol para 2028.
Diana Shipping Inc. (NYSE: DSX)는 자사 선박 두 척에 대한 신규 용선 계약을 체결했습니다. Newcastlemax급 선박 m/v Philadelphia (206,040 dwt)는 2025년 5월 29일부터 2026년 6월~8월까지 Refined Success Limited에 하루 21,500달러에 용선됩니다. Post-Panamax급 선박 m/v Phaidra (87,146 dwt)는 2025년 5월 31일부터 2026년 1월~2월까지 SwissMarine에 하루 9,750달러에 용선됩니다.
이 계약들은 약 1,003만 달러의 총수익을 창출할 것으로 예상됩니다. Diana Shipping의 선대는 총 4.1백만 dwt 용량과 평균 11.57년의 연령을 가진 37척의 건화물선으로 구성되어 있습니다. 또한 회사는 2028년까지 메탄올 이중연료 Kamsarmax 선박 2척의 인도를 예상하고 있습니다.
Diana Shipping Inc. (NYSE : DSX) a conclu deux nouveaux contrats d'affrètement à temps pour ses navires. Le navire Newcastlemax m/v Philadelphia (206 040 tpl) sera affrété par Refined Success Limited à 21 500 $ par jour du 29 mai 2025 jusqu'à une période comprise entre juin et août 2026. Le navire Post-Panamax m/v Phaidra (87 146 tpl) sera affrété par SwissMarine à 9 750 $ par jour du 31 mai 2025 jusqu'à une période entre janvier et février 2026.
Ces contrats devraient générer environ 10,03 millions de dollars de revenus bruts. La flotte de Diana Shipping est composée de 37 vraquiers d'une capacité totale de 4,1 millions de tpl et d'un âge moyen de 11,57 ans. La société prévoit également la livraison de deux vraquiers Kamsarmax à double carburant méthanol d'ici 2028.
Diana Shipping Inc. (NYSE: DSX) hat zwei neue Zeitcharterverträge für ihre Schiffe abgeschlossen. Das Newcastlemax-Schiff m/v Philadelphia (206.040 dwt) wird von Refined Success Limited zu 21.500 US-Dollar pro Tag vom 29. Mai 2025 bis Juni-August 2026 gechartert. Das Post-Panamax-Schiff m/v Phaidra (87.146 dwt) wird von SwissMarine zu 9.750 US-Dollar pro Tag vom 31. Mai 2025 bis Januar-Februar 2026 gechartert.
Diese Verträge werden voraussichtlich einen Bruttoumsatz von etwa 10,03 Millionen US-Dollar generieren. Die Flotte von Diana Shipping umfasst 37 Trockenmassengutfrachter mit einer Gesamtkapazität von 4,1 Millionen dwt und einem Durchschnittsalter von 11,57 Jahren. Das Unternehmen erwartet außerdem die Lieferung von zwei methanolbetriebenen Dual-Fuel-Kamsarmax-Schiffen bis 2028.
- New charter contracts secured for two vessels, generating $10.03 million in minimum gross revenue
- Higher rate of $21,500/day secured for m/v Philadelphia
- Fleet modernization with two methanol dual fuel vessels expected by 2028
- Lower rate of $9,750/day for m/v Phaidra indicates weaker market conditions for Post-Panamax vessels
- Aging fleet with weighted average age of 11.57 years
Insights
Diana Shipping secured $10.03M in revenue through new charter contracts, with significantly different rates reflecting vessel class market conditions.
Diana Shipping has secured two new time charter contracts that will generate approximately
The stark difference in daily rates (
This announcement reinforces Diana's operational focus as a pure dry bulk operator with a diversified fleet of 37 vessels across multiple size categories. With a total fleet capacity of approximately 4.1 million dwt and a weighted average age of 11.57 years, Diana maintains a relatively modern fleet by industry standards.
The company's investment in two methanol dual-fuel newbuilding Kamsarmax vessels, expected for delivery in 2027-2028, signals a strategic shift toward more environmentally compliant vessels, which will likely command premium charter rates as environmental regulations tighten globally.
ATHENS, Greece, May 27, 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 Refined Success Limited, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US
The “Philadelphia” is a 206,040 dwt Newcastlemax dry bulk vessel built in 2012.
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is US
The “Phaidra” is an 87,146 dwt Post-Panamax dry bulk vessel built in 2013.
The employments of “Philadelphia” and “Phaidra” are anticipated to generate approximately US
Diana Shipping Inc.’s fleet currently consists of 37 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 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 4.1 million dwt, with a weighted average age of 11.57 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, 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
