DSX - Diana Shipping Inc. Announces Direct Continuation Of Time Charter Contract For M/V DSI Aquila With Western Bulk | Benzinga
ATHENS, Greece, Nov. 02, 2023 (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 Western Bulk Carriers AS, for one of its Ultramax dry bulk vessels, the m/v DSI Aquila. The gross charter rate is US$12,500 per day, minus a 5% commission paid to third parties, for a period until minimum November 10, 2024 up to maximum January 10, 2025. The new charter period is expected to commence on November 12, 2023.
The "DSI Aquila" is a 60,309 dwt Ultramax dry bulk vessel built in 2015.
The employment of "DSI Aquila" is anticipated to generate approximately US$4.49 million of gross revenue for the minimum scheduled period of the time charter.
Upon the completion of the previously announced sale of m/v Boston, Diana Shipping Inc.'s fleet will consist of 40 dry bulk vessels: 4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax. As of today, the combined carrying capacity of the Company's fleet, including the m/v Boston, is approximately 4.7 million dwt with a weighted average age of 10.58 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company's website, ...