Diana Shipping Charters Vessel to Cargill for $20K/Day
Ticker: DSX-WT · Form: 6-K · Filed: Aug 8, 2025 · CIK: 1318885
Sentiment: bullish
Topics: charter-agreement, shipping, revenue
TL;DR
Diana Shipping inks $20K/day charter with Cargill for m/v DSI Pegasus, starting Aug 10.
AI Summary
Diana Shipping Inc. announced on August 8, 2025, that it has entered into a time charter contract for its Ultramax dry bulk vessel, the m/v DSI Pegasus, with Cargill Ocean Transportation (Singapore) Pte. Ltd. This contract is for a period of 11 to 13 months, commencing on August 10, 2025. The gross charter rate is $20,000 per day, less a 5% commission paid to third parties.
Why It Matters
This charter agreement provides Diana Shipping with a steady revenue stream for its m/v DSI Pegasus, contributing to its financial performance and operational stability.
Risk Assessment
Risk Level: low — The filing reports a standard commercial charter agreement with a reputable counterparty, indicating low immediate risk.
Key Numbers
- $20,000 — Daily Charter Rate (Gross rate for the m/v DSI Pegasus charter with Cargill.)
- 11-13 months — Charter Duration (Expected length of the time charter contract.)
Key Players & Entities
- Diana Shipping Inc. (company) — Registrant
- Cargill Ocean Transportation (Singapore) Pte. Ltd. (company) — Charterer
- m/v DSI Pegasus (company) — Vessel
- August 8, 2025 (date) — Announcement Date
- August 10, 2025 (date) — Charter Commencement Date
- $20,000 (dollar_amount) — Daily Charter Rate
FAQ
What is the duration of the time charter contract for the m/v DSI Pegasus?
The time charter contract for the m/v DSI Pegasus with Cargill Ocean Transportation (Singapore) Pte. Ltd. is for a period of 11 to 13 months.
When does the charter contract for the m/v DSI Pegasus commence?
The charter contract for the m/v DSI Pegasus is expected to commence on August 10, 2025.
Who is the counterparty to the time charter contract for the m/v DSI Pegasus?
The counterparty to the time charter contract for the m/v DSI Pegasus is Cargill Ocean Transportation (Singapore) Pte. Ltd.
What is the gross daily charter rate for the m/v DSI Pegasus?
The gross charter rate for the m/v DSI Pegasus is $20,000 per day.
What type of vessel is the m/v DSI Pegasus?
The m/v DSI Pegasus is an Ultramax dry bulk vessel.
Filing Stats: 245 words · 1 min read · ~1 pages · Grade level 10.6 · Accepted 2025-08-08 16:08:10
Filing Documents
- d11960186_6k.htm (6-K) — 9KB
- d11960186_ex99-1.htm (EX-99) — 14KB
- 0000919574-25-004419.txt ( ) — 24KB
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: August 8, 2025 By: /s/ Anastasios Margaronis Anastasios Margaronis President