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Diana Shipping signs $5.8M charter for Astarte

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Diana Shipping Inc. (DSX) has entered into a new time charter for its Kamsarmax dry bulk vessel m/v Astarte with Aquavita International S.A. at a gross rate of US$17,000 per day, minus a 4.75% commission, for a period running from minimum September 1, 2027 to maximum November 15, 2027, with the charter expected to commence on September 20, 2026.

The vessel is currently employed with Propel Shipping Pte. Ltd. at a lower gross rate of US$12,500 per day, minus a 5.00% commission. For the minimum scheduled period, the new employment for Astarte is anticipated to generate approximately US$5.81 million of gross revenue. Astarte is an 81,513 dwt Kamsarmax built in 2013. Diana Shipping’s fleet consists of 36 dry bulk vessels with a combined carrying capacity of about 4.1 million dwt and a weighted average age of 12.81 years, and the company expects delivery of two methanol dual fuel new-building Kamsarmax vessels in the second half of 2027 and first half of 2028.

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Filing Explained

The charter announcement is incorporated into the company’s effective F-3 registration statements, without disclosing a new issuance.

Form 6-K is an interim report for a foreign private issuer; this filing records that a wholly owned subsidiary entered the disclosed time charter for the m/v Astarte.

The company states that the information is incorporated by reference into its effective Form F-3 registration statements, making the charter disclosure part of those registration statements’ filed information.

New charter gross rate for m/v Astarte US$17,000 per day Time charter with Aquavita International S.A.
Commission on new Astarte charter 4.75% Commission paid to third parties on the US$17,000 per day rate
Current Astarte charter gross rate US$12,500 per day Existing charter with Propel Shipping Pte. Ltd.
Commission on current Astarte charter 5.00% Commission paid to third parties on the US$12,500 per day rate
Anticipated gross revenue from new charter US$5.81 million Minimum scheduled period of the Astarte time charter
Deadweight tonnage of m/v Astarte 81,513 dwt Kamsarmax dry bulk vessel built in 2013
Number of vessels in fleet 36 vessels Current Diana Shipping Inc. dry bulk fleet
Combined carrying capacity 4.1 million dwt Fleet capacity excluding two not-yet-delivered new-buildings
time charter financial
"it has entered into a time charter contract with Aquavita International"
A time charter is an agreement where a ship owner rents out their vessel to a customer for a set period, during which the customer has control over the ship’s use and operation. This arrangement matters to investors because it provides a steady income stream for the ship owner and indicates ongoing demand for shipping services, reflecting the health of global trade and transportation markets.
bareboat charter-in financial
"specializing in the ownership and bareboat charter-in of dry bulk vessels"
A "bareboat charter-in" is when a company rents a vessel or asset from another party without any crew or additional services included. The company then takes responsibility for operating and maintaining the asset as if it were their own. For investors, it can signal a company’s strategy to expand its fleet or assets without immediate large capital expenses, potentially affecting its financial position and future cash flows.
dwt technical
"The “Astarte” is an 81,513 dwt Kamsarmax dry bulk vessel"
methanol dual fuel technical
"two methanol dual fuel new-building Kamsarmax dry bulk vessels"
Methanol dual fuel is a type of engine or fuel system that can run on both traditional fuels, like gasoline or diesel, and methanol, a type of alcohol made from natural sources. This flexibility allows for cleaner burning and potentially lower emissions, which can be appealing to industries seeking more sustainable energy options. For investors, understanding methanol dual fuel is important because it signals technological shifts toward alternative, environmentally friendlier energy sources that could influence energy markets and company strategies.
forward-looking statements regulatory
"Matters discussed in this press release may constitute forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What new charter did DIANA SHIPPING INC. (DSX) announce for m/v Astarte?

Diana Shipping announced a time charter of m/v Astarte to Aquavita International S.A. at a gross rate of US$17,000 per day, minus a 4.75% commission, for a period from minimum September 1, 2027 to maximum November 15, 2027, commencing around September 20, 2026.

How does the new DSX charter rate for m/v Astarte compare to the current rate?

Under the new contract, m/v Astarte will earn US$17,000 per day gross, minus 4.75% commission. It is currently chartered to Propel Shipping Pte. Ltd. at a lower gross rate of US$12,500 per day, minus a 5.00% commission.

What revenue does DIANA SHIPPING INC. (DSX) expect from the new Astarte charter?

For the minimum scheduled period of the new time charter, the employment of m/v Astarte is anticipated to generate approximately US$5.81 million in gross revenue, before deducting the 4.75% commission payable to third parties.

What are the key specifications of DSX’s vessel m/v Astarte?

The m/v Astarte is an 81,513 dwt Kamsarmax dry bulk vessel built in 2013. It is one of Diana Shipping Inc.’s Kamsarmax vessels employed under time charter contracts carrying dry bulk commodities worldwide.

What is the current fleet profile of DIANA SHIPPING INC. (DSX)?

Diana Shipping operates 36 dry bulk vessels totaling about 4.1 million dwt, with a weighted average age of 12.81 years. The fleet includes Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax and Ultramax vessels.

Does DIANA SHIPPING INC. (DSX) have new vessels on order?

Yes. The company expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels, one by the second half of 2027 and the other by the first half of 2028.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FORM 6-K

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16

OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of September 2026

Commission File Number: 001-32458

 

DIANA SHIPPING INC.

(Translation of registrant's name into English)

Pendelis 16, 175 64 Palaio Faliro, Athens, Greece

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F [X] Form 40-F [ ]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 
 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated September 16, 2026, of Diana Shipping Inc. (the "Company"), announcing that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Astarte.

 

The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statements on Form F-3 (File Nos. 333-266999 and 333-280693) that were filed with the U.S. Securities and Exchange Commission and became effective on September 16, 2022, and September 9, 2024, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

  DIANA SHIPPING INC.
  (registrant)
   
   
Dated: September 16, 2026 By: /s/ Margarita Veniou
    Margarita Veniou
    Secretary

 

  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

 

DIANA SHIPPING INC. ANNOUNCES TIME CHARTER

CONTRACT FOR M/V ASTARTE WITH AQUAVITA

 

ATHENS, GREECE, September 16, 2026 – 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 Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is US$17,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum September 1, 2027 up to maximum November 15, 2027. The charter is expected to commence on September 20, 2026. The m/v Astarte is currently chartered, as previously announced, to Propel Shipping Pte. Ltd., at a gross charter rate of US$12,500 per day, minus a 5.00% commission paid to third parties.

 

The “Astarte” is an 81,513 dwt Kamsarmax dry bulk vessel built in 2013.

 

The employment of “Astarte” is anticipated to generate a total of approximately US$5.81 million of gross revenue for the minimum scheduled period of the time charter.

 

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 12.81 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.

 

 

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