Diana Shipping Secures New Time Charter for m/v Crystalia
Ticker: DSX-WT · Form: 6-K · Filed: Mar 1, 2024 · CIK: 1318885
| Field | Detail |
|---|---|
| Company | Diana Shipping INC. (DSX-WT) |
| Form Type | 6-K |
| Filed Date | Mar 1, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $13,900, m, $8.76 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: charter-agreement, dry-bulk, shipping
TL;DR
Diana Shipping inked a new charter for the m/v Crystalia with Louis Dreyfus Co. Freight Asia.
AI Summary
Diana Shipping Inc. announced on March 1, 2024, that its subsidiary has entered into a time charter contract for the m/v Crystalia, an Ice Class Panamax dry bulk vessel. The contract is with Louis Dreyfus Company Freight Asia Pte. Ltd.
Why It Matters
This new charter agreement indicates ongoing demand for the company's dry bulk vessels and contributes to its revenue stream.
Risk Assessment
Risk Level: low — The filing is a routine report of a new charter agreement, which is a standard business operation for a shipping company.
Key Players & Entities
- Diana Shipping Inc. (company) — Registrant
- Louis Dreyfus Company Freight Asia Pte. Ltd. (company) — Charterer
- m/v Crystalia (company) — Vessel
- March 1, 2024 (date) — Announcement Date
FAQ
What type of vessel is the m/v Crystalia?
The m/v Crystalia is an Ice Class Panamax dry bulk vessel.
Who is the charterer for the m/v Crystalia?
The charterer is Louis Dreyfus Company Freight Asia Pte. Ltd.
What is the filing date of this report?
This Form 6-K was filed as of March 1, 2024.
What is the primary business of Diana Shipping Inc.?
Diana Shipping Inc. is engaged in the deep sea foreign transportation of freight.
What exhibit is attached to this 6-K filing?
Exhibit 99.1, a press release dated March 1, 2024, is attached to this Report on Form 6-K.
Filing Stats: 1,071 words · 4 min read · ~4 pages · Grade level 13.7 · Accepted 2024-03-01 16:31:11
Key Financial Figures
- $13,900, m — Crystalia. The gross charter rate is US$13,900, minus a 5% commission paid to third parti
- $8.76 million — anticipated to generate approximately US$8.76 million of gross revenue for the minimum schedu
Filing Documents
- d10993695_6-k.htm (6-K) — 24KB
- 0000919574-24-001844.txt ( ) — 25KB
SIGNATURES
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: March 1, 2024 By: /s/ Anastasios Margaronis Anastasios Margaronis President Exhibit 99.1 Corporate Contact: Ioannis Zafirakis Director, Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary Telephone: + 30-210-9470-100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com X: @Dianaship For Immediate Release Investor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone: + 1-203-972-8350 Email: enebb@optonline.net DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR M/V CRYSTALIA WITH LOUIS DREYFUS COMPANY ATHENS, GREECE, March 1, 2024 – 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 Louis Dreyfus Company Freight Asia Pte. Ltd., for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$13,900, minus a 5% commission paid to third parties, for a period of minimum twenty-one (21) months to maximum twenty-five (25) months. The charter is expected to commence during the second quarter of 2024. The "Crystalia" is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014. The employment of "Crystalia" is anticipated to generate approximately US$8.76 million of gross revenue for the minimum scheduled period of the time charter. Upon completion of the previously announced sales of m/v Houston and m/v A rtemis, 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 t