Diana Shipping Extends Charter for m/v Phaidra
Ticker: DSX-WT · Form: 6-K · Filed: Oct 3, 2024 · CIK: 1318885
| Field | Detail |
|---|---|
| Company | Diana Shipping INC. (DSX-WT) |
| Form Type | 6-K |
| Filed Date | Oct 3, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $12,000, $2.4 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: charter-extension, shipping, dry-bulk
TL;DR
Diana Shipping extended a charter for the m/v Phaidra, locking in more revenue.
AI Summary
Diana Shipping Inc. announced on October 3, 2024, that it has extended the time charter contract for its Post-Panamax dry bulk vessel, the m/v Phaidra, with Aquavita International S.A. The specific duration and financial terms of the extension were not disclosed in this filing.
Why It Matters
This extension provides Diana Shipping with continued revenue from one of its vessels, offering a degree of operational stability and predictability in the dry bulk market.
Risk Assessment
Risk Level: low — The filing reports a routine contract extension, which typically carries low risk.
Key Players & Entities
- Diana Shipping Inc. (company) — Registrant
- m/v Phaidra (company) — Vessel
- Aquavita International S.A. (company) — Charterer
- October 3, 2024 (date) — Announcement Date
FAQ
What is the name of the vessel whose time charter contract was extended?
The vessel is the m/v Phaidra.
Which company is the charterer for the m/v Phaidra?
The charterer is Aquavita International S.A.
What type of vessel is the m/v Phaidra?
The m/v Phaidra is a Post-Panamax dry bulk vessel.
On what date was the announcement of the charter extension made?
The announcement was made on October 3, 2024.
Does this filing specify the new duration or financial terms of the charter extension?
No, this filing states that a press release was attached announcing the extension, but the specific details of the duration and financial terms are not provided within the 6-K itself.
Filing Stats: 1,031 words · 4 min read · ~3 pages · Grade level 13.6 · Accepted 2024-10-03 16:40:58
Key Financial Figures
- $12,000 — /v Phaidra. The gross charter rate is US$12,000 per day, minus a 4.75% commission paid
- $2.4 million — anticipated to generate approximately US$2.4 million of gross revenue for the minimum schedu
Filing Documents
- d11491639_6k.htm (6-K) — 22KB
- 0000919574-24-005726.txt ( ) — 23KB
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: October 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 DIRECT CONTINUATION OF TIME CHARTER CONTRACT FOR M/V PHAIDRA WITH AQUAVITA ATHENS, GREECE, October 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 extended the time charter contract with Aquavita International S.A., for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is US$12,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum May 1, 2025 up to maximum July 15, 2025. The new charter period is expected to commence on October 11, 2024. The "Phaidra" is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013. The employment of "Phaidra" is anticipated to generate approximately US$2.4 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.'s fleet currently consists 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