Diana Shipping Charters Vessel to Cargill
Ticker: DSX-WT · Form: 6-K · Filed: Mar 12, 2025 · CIK: 1318885
Sentiment: bullish
Topics: charter-party, dry-bulk, shipping
Related Tickers: DSX
TL;DR
Diana Shipping inks $17.5k/day charter with Cargill for m/v Medusa, starting March 15.
AI Summary
Diana Shipping Inc. announced on March 12, 2025, that it has entered into a time charter contract for its Kamsarmax dry bulk vessel, the m/v Medusa, with Cargill International SA, Geneva. This contract is for a period of 11 to 13 months, commencing on March 15, 2025. The daily charter rate is $17,500, less 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 and does not indicate any significant financial distress or negative events for the company.
Key Numbers
- $17,500 — Daily Charter Rate (Revenue generated per day for the m/v Medusa.)
- 11-13 months — Charter Duration (Expected period of the time charter contract.)
Key Players & Entities
- Diana Shipping Inc. (company) — Registrant
- Cargill International SA, Geneva (company) — Charterer
- m/v Medusa (company) — Vessel
- March 12, 2025 (date) — Announcement Date
- March 15, 2025 (date) — Charter Commencement Date
- $17,500 (dollar_amount) — Daily Charter Rate
FAQ
What is the name of the vessel chartered?
The vessel chartered is the m/v Medusa.
Who is the charterer of the m/v Medusa?
The charterer is Cargill International SA, Geneva.
What is the daily charter rate for the m/v Medusa?
The daily charter rate is $17,500.
When does the charter period commence?
The charter period commences on March 15, 2025.
What is the duration of the charter contract?
The charter contract is for a period of 11 to 13 months.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 12, 2025 regarding DIANA SHIPPING INC. (DSX-WT).