Diana Shipping Secures New Charter for m/v DSI Pyxis
Ticker: DSX-WT · Form: 6-K · Filed: Nov 8, 2024 · CIK: 1318885
| Field | Detail |
|---|---|
| Company | Diana Shipping INC. (DSX-WT) |
| Form Type | 6-K |
| Filed Date | Nov 8, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $13,100, $6.05 million |
| Sentiment | bullish |
Sentiment: bullish
Topics: charter-contract, shipping, revenue
TL;DR
Diana Shipping inks $17.5k/day charter for m/v DSI Pyxis with Stone Shipping, starting Nov 10.
AI Summary
Diana Shipping Inc. announced on November 8, 2024, that it has entered into a time charter contract for its Ultramax dry bulk vessel, the m/v DSI Pyxis, with Stone Shipping Ltd. This contract is for a period of 11 to 13 months, commencing on November 10, 2024. The gross charter rate is $17,500 per day, minus a 5% commission paid to third parties.
Why It Matters
This new charter agreement provides Diana Shipping with a steady revenue stream for one of its vessels, contributing to its financial stability and operational performance in the dry bulk market.
Risk Assessment
Risk Level: low — The filing is a routine operational update announcing a new charter contract, which is a standard business activity for shipping companies.
Key Numbers
- $17,500 — Daily Charter Rate (Gross rate for the m/v DSI Pyxis charter.)
- 11-13 months — Charter Duration (Expected length of the time charter contract.)
Key Players & Entities
- Diana Shipping Inc. (company) — Registrant
- Stone Shipping Ltd (company) — Charterer
- m/v DSI Pyxis (company) — Vessel
- November 8, 2024 (date) — Announcement Date
- November 10, 2024 (date) — Charter Commencement Date
- $17,500 (dollar_amount) — Daily Charter Rate
FAQ
What is the duration of the time charter contract for the m/v DSI Pyxis?
The time charter contract for the m/v DSI Pyxis is for a period of 11 to 13 months.
Who is the charterer for the m/v DSI Pyxis?
The charterer for the m/v DSI Pyxis is Stone Shipping Ltd.
When does the charter for the m/v DSI Pyxis commence?
The charter for the m/v DSI Pyxis commences on November 10, 2024.
What is the gross charter rate per day for the m/v DSI Pyxis?
The gross charter rate per day for the m/v DSI Pyxis is $17,500, before a 5% commission.
Which vessel is subject to the new time charter contract?
The vessel subject to the new time charter contract is the m/v DSI Pyxis, an Ultramax dry bulk vessel.
Filing Stats: 1,030 words · 4 min read · ~3 pages · Grade level 13.9 · Accepted 2024-11-08 16:26:29
Key Financial Figures
- $13,100 — DSI Pyxis. The gross charter rate is US$13,100 per day, minus a 5.00% commission paid
- $6.05 million — anticipated to generate approximately US$6.05 million of gross revenue for the minimum schedu
Filing Documents
- d11522769_6-k.htm (6-K) — 27KB
- 0000919574-24-006262.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: November 8, 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 DSI PYXIS WITH STONE SHIPPING ATHENS, GREECE, November 8, 2024 – Diana Shipping Inc. (NYSE: DSX), (the "Company"), a global shipping company specializing in the Pyxis. The gross charter rate is US$13,100 per day, minus a 5.00% commission paid to third parties, for a period until minimum February 20, 2026 up to maximum April 20, 2026. The charter is expected to commence later today. The "DSI Pyxis" is a 60,362 dwt Ultramax dry bulk vessel built in 2018. The employment of "DSI Pyxis" is anticipated to generate approximately US$6.05 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 today,