Photo credit: Diana Shipping
Greece-based and New York-listed Diana Shipping, through a separate wholly-owned subsidiary, has extended the time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its capesize dry bulk vessels.
Solebay hired the 174,261-dwt capesize dry bulk vessel Semirio built in 2007.
The vessel is chartered for a gross charter rate of $21,650 minus a 5.00% commission paid to third parties, for a period until minimum January 31, 2027, up to maximum April 15, 2027.
The new charter period is expected to begin on March 15, 2026. The Semirio is currently chartered at a gross charter rate of $16,650 per day, minus a 5.00% commission paid to third parties.
The shipowner also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CRC Shipping Pte. Ltd., Singapore, for one of its panamax dry bulk vessels, the Maera.
The gross charter rate is $11,750, minus a 5.00% commission paid to third parties, for a period until minimum October 20, 2026, up to maximum December 20, 2026.
The new charter period is expected to commence on November 2, 2025. The Maera is currently chartered to China Resource Chartering Limited, Hong Kong, at a gross charter rate of $8,400 per day, minus a 5.00% commission paid to third parties.
The Maera is a 75,403-dwt panamax bulk vessel built in 2013.
The employments of Semirio and Maera are anticipated to generate a total of approximately $10.93m of gross revenue for the minimum scheduled period of the time charters.
Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 newcastlemax, 8 capesize, 4 post-panamax, 6 kamsarmax, 5 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 11.91 years.
