Diana Shipping Secures New Time Charter for m/v Electra
Ticker: DSX-WT · Form: 6-K · Filed: Jun 3, 2024 · CIK: 1318885
| Field | Detail |
|---|---|
| Company | Diana Shipping INC. (DSX-WT) |
| Form Type | 6-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $14,000, $6.89 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: charter-agreement, dry-bulk, shipping
Related Tickers: DSX
TL;DR
Diana Shipping inks new charter for m/v Electra, locking in revenue.
AI Summary
Diana Shipping Inc. announced on June 3, 2024, that its subsidiary has secured a time charter contract for the Post-Panamax dry bulk vessel, m/v Electra, with Aquavita International S.A. This filing incorporates by reference a press release detailing this new charter agreement.
Why It Matters
This new charter agreement indicates ongoing commercial activity and revenue generation for Diana Shipping's fleet, contributing to its financial performance.
Risk Assessment
Risk Level: low — The filing is a routine report of a new charter agreement, not indicating any significant financial distress or operational issues.
Key Players & Entities
- Diana Shipping Inc. (company) — Registrant
- Aquavita International S.A. (company) — Counterparty to time charter
- m/v Electra (company) — Vessel under time charter
- June 3, 2024 (date) — Date of press release
FAQ
What type of vessel is the m/v Electra?
The m/v Electra is a Post-Panamax dry bulk vessel.
Who is the charterer for the m/v Electra?
The charterer is Aquavita International S.A.
What is the nature of the agreement with Aquavita International S.A.?
The agreement is a time charter contract.
When was the press release announcing this charter issued?
The press release was dated June 3, 2024.
Which subsidiary of Diana Shipping Inc. entered into the charter contract?
A separate wholly-owned subsidiary of Diana Shipping Inc. entered into the contract.
Filing Stats: 1,041 words · 4 min read · ~3 pages · Grade level 13.6 · Accepted 2024-06-03 16:58:47
Key Financial Figures
- $14,000 — /v Electra. The gross charter rate is US$14,000 per day, minus a 4.75% commission paid
- $6.89 million — anticipated to generate approximately US$6.89 million of gross revenue for the minimum schedu
Filing Documents
- d11065208_6-k.htm (6-K) — 24KB
- 0000919574-24-003467.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: June 3, 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 ELECTRA WITH AQUAVITA ATHENS, GREECE, June 3, 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 Aquavita International S.A., for one of its Post-Panamax dry bulk vessels, the m/v Electra. The gross charter rate is US$14,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum October 15, 2025 up to maximum December 31, 2025. The charter is expected to commence later today. The "Electra" is a 81,150 dwt Post-Panamax dry bulk vessel built in 2013. The employment of "Electra" is anticipated to generate approximately US$6.89 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