Diana Shipping Secures New Time Charter for m/v Selina
Ticker: DSX-WT · Form: 6-K · Filed: Oct 16, 2024 · CIK: 1318885
Sentiment: neutral
Topics: charter, shipping, vessel
Related Tickers: DSX
TL;DR
Diana Shipping inks new charter for m/v Selina with Raffles Shipping.
AI Summary
Diana Shipping Inc. announced on October 16, 2024, that its subsidiary has entered into a time charter contract for the Panamax dry bulk vessel, m/v Selina, with Raffles Shipping International Pte. Ltd. This filing incorporates the press release into the company's F-3 registration statements.
Why It Matters
This new charter agreement indicates ongoing commercial activity and revenue generation for Diana Shipping's fleet, potentially impacting its financial performance.
Risk Assessment
Risk Level: low — The filing is a routine report of a new charter agreement, not indicating significant financial distress or major strategic shifts.
Key Players & Entities
- Diana Shipping Inc. (company) — Registrant
- m/v Selina (company) — Vessel under charter
- Raffles Shipping International Pte. Ltd. (company) — Chartering party
- October 16, 2024 (date) — Date of press release
FAQ
What is the purpose of this Form 6-K filing?
The purpose of this Form 6-K filing is to report a press release dated October 16, 2024, announcing a new time charter contract for one of Diana Shipping Inc.'s vessels.
Which vessel is involved in the new charter contract?
The vessel involved in the new charter contract is the Panamax dry bulk vessel, m/v Selina.
Who is the chartering party for the m/v Selina?
The chartering party for the m/v Selina is Raffles Shipping International Pte. Ltd.
What type of contract has been entered into?
A time charter contract has been entered into for the m/v Selina.
What is the filing date of this report?
This report was filed as of October 16, 2024.
Filing Stats: 1,030 words · 4 min read · ~3 pages · Grade level 13.5 · Accepted 2024-10-16 16:42:42
Key Financial Figures
- $10,500 — m/v Selina. The gross charter rate is US$10,500 per day, minus a 5.00% commission paid
- $1.39 million — anticipated to generate approximately US$1.39 million of gross revenue for the minimum schedu
Filing Documents
- d11502818_6k.htm (6-K) — 25KB
- 0000919574-24-005890.txt ( ) — 26KB
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 16, 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 SELINA WITH RAFFLES SHIPPING ATHENS, GREECE, October 16, 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 Raffles Shipping International Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$10,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum March 1, 2025 up to maximum April 20, 2025. The charter is expected to commence tomorrow. The "Selina" is a 75,700 dwt Panamax dry bulk vessel built in 2010. The employment of "Selina" is anticipated to generate approximately US$1.39 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 2028, respectively. As of t