Diana Shipping Charters Vessel for $20K/Day

TL;DR

Diana Shipping inks $20K/day charter for m/v Astarte with Paralos Shipping, starting Aug 16.

AI Summary

Diana Shipping Inc. announced on August 13, 2024, that it has entered into a time charter contract for its Kamsarmax dry bulk vessel, the m/v Astarte, with Paralos Shipping Pte., Ltd. This contract is for a period of 11 to 13 months, commencing on August 16, 2024. The gross charter rate is $20,000 per day, less a 5% commission paid to third parties.

Why It Matters

This charter agreement provides Diana Shipping with a steady revenue stream for the m/v Astarte, contributing to its overall financial performance in the dry bulk shipping market.

Risk Assessment

Risk Level: low — The filing is a routine operational update and does not contain significant financial or strategic risks.

Key Numbers

• $20,000 — Daily Charter Rate (Gross rate for the m/v Astarte charter.)
• 11-13 months — Charter Duration (Expected length of the time charter contract.)

Key Players & Entities

• Diana Shipping Inc. (company) — Registrant
• August 13, 2024 (date) — Announcement Date
• Paralos Shipping Pte., Ltd. (company) — Charterer
• m/v Astarte (company) — Vessel Name
• $20,000 (dollar_amount) — Daily Charter Rate
• August 16, 2024 (date) — Charter Commencement Date

FAQ

Key Financial Figures

• $14,000 — /v Astarte. The gross charter rate is US$14,000 per day, minus a 5.00% commission paid
• $4.58 million — anticipated to generate approximately US$4.58 million of gross revenue for the minimum schedu

Filing Documents

• d11443223_6k.htm (6-K) — 27KB
• 0000919574-24-004496.txt ( ) — 28KB

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: August 13, 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 ASTARTE WITH PARALOS SHIPPING ATHENS, GREECE, August 13, 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 Paralos Shipping Pte., Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is US$14,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum July 15, 2025 up to maximum September 15, 2025. The charter is expected to commence on August 18, 2024. The "Astarte" is an 81,513 dwt Kamsarmax dry bulk vessel built in 2013. The employment of "Astarte" is anticipated to generate approximately US$4.58 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 se

View Full Filing

View this 6-K filing on SEC EDGAR