Greece-based and New York-listed Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with Refined Success Limited, for one of its newcastlemax dry bulk vessels, the Philadelphia.
Refined Success Limited hired the 206,040 dwt newcastlemax dry bulk vessel built in 2012.
The vessel is chartered to a gross charter rate of $21,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum June 9, 2026 up to maximum August 8, 2026.
The charter is expected to begin on May 29.
The Greek shipowner also said that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its post-panamax dry bulk vessels, the Phaidra.
The gross charter rate is $9,750 per day, minus a 5.00% commission paid to third parties, for a period until minimum January 1, 2026 up to maximum February 28, 2026.
The charter is expected to start on May 31.
As it is reported, the Phaidra is an 87,146 dwt post-panamax dry bulk vessel built in 2013.
The employments of Philadelphia and Phaidra are anticipated to generate approximately $10.03m of gross revenue for the minimum scheduled periods of the time charters.
Diana Shipping Inc.’s fleet currently consists of 37 dry bulk vessels (4 newcastlemax, 8 capesize, 4 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.
Currently, the combined carrying capacity of the company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.57 years.
