New-York listed dry bulk owner Diana Shipping has sealed a time charter contract deal with Smart Gain Shipping, for one of its Capesize dry bulk vessels, the “Santa Barbara”.

The owner has fixed the 179,426 deadweight Capesize dry bulk vessel (built in 2015) for US$21,250 per day, minus a 5% commission paid to third parties, for approximately 18 months. The period is specified for until minimum October 10, 2024 up to maximum December 10, 2024. The charter started on Sunday 07th of May 2023

The company has also sealed a time charter contract with Aquavita International, for one of its Post-Panamax dry bulk vessels, the “Phaidra”. Diana Shipping has fixed the 87,146 dwt Post-Panamax dry bulk vessel built in 2013 for US$12,250 per day, minus a 4.75% commission paid to third parties, for a period until minimum September 1, 2024 up to maximum November 15, 2024. The dry bulk owner said the charter is expected to commence today.

The employments of “Santa Barbara” and “Phaidra” are anticipated to generate approximately US$16.71 million of gross revenue for the minimum scheduled period of the time charters.

Diana´s Shipping fleet currently consists of 42 dry bulk vessels (4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10 Ultramax). The combined carrying capacity of Diana´s fleet, is approximately 4.7 million deadweight, with a weighted average age of 10.05 years.