Diana Shipping Sells Vessel, Secures New Charter
Ticker: DSX-WT · Form: 6-K · Filed: Feb 12, 2025 · CIK: 1318885
Sentiment: neutral
Topics: vessel-sale, time-charter, fleet-management
Related Tickers: DSX
TL;DR
Diana Shipping selling 'Alcmene', chartering out 'Maitri'.
AI Summary
Diana Shipping Inc. announced on February 12, 2025, that it has entered into a Memorandum of Agreement to sell its 2010-built Post-Panamax vessel, 'Alcmene', to an unaffiliated third party. The company also secured a time charter contract with SwissMarine Pte. Ltd. for the vessel 'Maitri'.
Why It Matters
The sale of the 'Alcmene' could signal a fleet optimization strategy, while the new charter for 'Maitri' provides a new revenue stream.
Risk Assessment
Risk Level: low — This filing is a routine report of a vessel sale and charter agreement, with no immediate financial distress indicated.
Key Players & Entities
- Diana Shipping Inc. (company) — Registrant
- Alcmene (company) — Vessel being sold
- SwissMarine Pte. Ltd. (company) — Chartering party
- Maitri (company) — Vessel under new charter
- February 12, 2025 (date) — Announcement date
FAQ
What is the sale price of the vessel 'Alcmene'?
The filing does not disclose the sale price of the 'Alcmene'.
What is the duration and daily rate of the time charter for the vessel 'Maitri'?
The filing does not specify the duration or daily rate of the time charter for the 'Maitri'.
When is the expected delivery date of the 'Alcmene' to the buyer?
The filing does not provide an expected delivery date for the 'Alcmene'.
What is the age and type of the vessel 'Alcmene'?
The 'Alcmene' is a 2010-built Post-Panamax vessel.
Is the buyer of the 'Alcmene' an affiliated party?
No, the 'Alcmene' is being sold to an unaffiliated third party.
Filing Stats: 1,172 words · 5 min read · ~4 pages · Grade level 13.7 · Accepted 2025-02-12 16:20:26
Key Financial Figures
- $11.9 million — 25, for a sale price of approximately US$11.9 million before commissions. The Company also a
- $26,000 — Francisco. The gross charter rate is US$26,000 per day, minus a 5.00% commission paid
- $22,000 — announced, at a gross charter rate of US$22,000 per day, minus a 5.00% commission paid
- $15.55 million — anticipated to generate approximately US$15.55 million of gross revenue for the minimum schedu
Filing Documents
- d11608353_6k.htm (6-K) — 25KB
- 0000919574-25-001010.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: February 12, 2025 By: /s/ Anastasios Margaronis Anastasios Margaronis President Exhibit 99.1 Corporate Contact: Ioannis Zafirakis Director, Co-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 THE SALE OF A POST-PANAMAX DRY BULK VESSEL, THE M/V ALCMENE, AND THE DIRECT CONTINUATION OF TIME CHARTER CONTRACT FOR M/V SAN FRANCISCO WITH SWISSMARINE ATHENS, GREECE, February 12, 2025 – 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 it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2010-built Post-Panamax vessel "Alcmene", with delivery to the buyer latest by March 7, 2025, for a sale price of approximately US$11.9 million before commissions. The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco. The gross charter rate is US$26,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum October 25, 2026 up to maximum December 25, 2026. The new charter period is expected to commence on February 27, 2025. The m/v San Francisco is currently chartered, as previously announced, at a gross charter rate of US$22,0