DSX - Diana Shipping Inc. Announces Time Charter Contract for m/v Polymnia With Reachy | Benzinga
ATHENS, Greece, June 04, 2024 (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 Reachy Shipping (SGP) Pte. Ltd., for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is US$17,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum August 1, 2025 up to maximum September 30, 2025. The charter is expected to commence on June 8, 2024. The m/v Polymnia is currently chartered, as previously announced, to Cobelfret S.A., Luxemburg, at a gross charter rate of US$15,000 per day, minus a 5.00% commission paid to third parties.
The "Polymnia" is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012.
The employment of "Polymnia" is anticipated to generate approximately US$7.25 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of m/v Houston, Diana Shipping Inc.'s fleet will consist of 38 dry bulk vessels: 4 Newcastlemax, 8 Capesize, 5 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 ...