Diana Shipping Secures New Charter for Capesize Vessel
Ticker: DSX-WT · Form: 6-K · Filed: Aug 27, 2024 · CIK: 1318885
| Field | Detail |
|---|---|
| Company | Diana Shipping INC. (DSX-WT) |
| Form Type | 6-K |
| Filed Date | Aug 27, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $26,800, $17,000, $18.49 million |
| Sentiment | bullish |
Sentiment: bullish
Topics: charter-agreement, shipping, dry-bulk
TL;DR
Diana Shipping just inked a new charter for the m/v G. P. Zafirakis with Nippon Yusen Kabushiki Kaisha, running through April 2025.
AI Summary
Diana Shipping Inc. announced on August 26, 2024, that it has entered into a time charter contract for its Capesize dry bulk vessel, the m/v G. P. Zafirakis, with Nippon Yusen Kabushiki Kaisha. This contract is for a period that will conclude in April 2025.
Why It Matters
This new charter agreement provides Diana Shipping with a new revenue stream and demonstrates continued demand for its dry bulk vessels in the global shipping market.
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 Numbers
- April 2025 — Charter End Date (Duration of the new time charter contract)
Key Players & Entities
- Diana Shipping Inc. (company) — Registrant
- August 26, 2024 (date) — Announcement date
- Nippon Yusen Kabushiki Kaisha (company) — Charterer
- m/v G. P. Zafirakis (vessel) — Chartered vessel
- April 2025 (date) — Charter end date
FAQ
What type of vessel is the m/v G. P. Zafirakis?
The m/v G. P. Zafirakis is a Capesize dry bulk vessel.
Who is the charterer for the m/v G. P. Zafirakis?
The charterer is Nippon Yusen Kabushiki Kaisha.
When does the charter contract for the m/v G. P. Zafirakis expire?
The charter contract is expected to conclude in April 2025.
What is the filing date of this Form 6-K?
This Form 6-K was filed on August 27, 2024.
What is the primary business of Diana Shipping Inc.?
Diana Shipping Inc. is engaged in the deep sea foreign transportation of freight.
Filing Stats: 1,093 words · 4 min read · ~4 pages · Grade level 12.6 · Accepted 2024-08-26 17:36:58
Key Financial Figures
- $26,800 — Zafirakis. The gross charter rate is US$26,800 per day, minus a 5.00% commission paid
- $17,000 — Hong Kong, at a gross charter rate of US$17,000 per day, minus a 5.00% commission paid
- $18.49 million — anticipated to generate approximately US$18.49 million of gross revenue for the minimum schedu
Filing Documents
- d11452660_6-k.htm (6-K) — 23KB
- 0000919574-24-004874.txt ( ) — 24KB
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 26, 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 G. P. ZAFIRAKIS WITH NYK LINE ATHENS, GREECE, August 26, 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 Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis. The gross charter rate is US$26,800 per day, minus a 5.00% commission paid to third parties, for a period of minimum twenty-three (23) months to maximum twenty-six (26) months. The charter is expected to commence on September 9, 2024. The m/v G. P. Zafirakis was chartered, as previously announced, to Solebay Shipping Cape Company Limited, Hong Kong, at a gross charter rate of US$17,000 per day, minus a 5.00% commission paid to third parties. The "G. P. Zafirakis" is an 179,492 dwt Capesize dry bulk vessel built in 2014. The employment of "G. P. Zafirakis" is anticipated to generate approximately US$18.49 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 Shippi