Greece-based and New York-listed Diana Shipping has sealed a time charter deal with Stone Shipping for one of its ultramax dry bulk vessels, the DSI Aquarius.

The vessel “DSI Aquarius” is a 60,309 dwt ultramax dry bulk vessel built in 2016.

Diana Shipping led-by the Palios family said the charter is expected to commence on January 19, 2024.

The gross charter rate is $14,500, minus a 5% commission paid to third parties, for a period until minimum December 1, 2024 up to maximum February 1, 2025.

The fixture of “DSI Aquarius” will bring around $4.52m of gross revenue to the company for the minimum scheduled period of the time charter.

Diana Shipping’s fleet currently consists of 40 dry bulk vessels.

Specifically, the company has in its fleet portfolio four newcastlemax, nine capesize, five post-panamax, six kamsarmax, seven panamax and nine ultramax.

The combined carrying capacity of the company’s fleet is about 4.5 million dwt with a weighted average age of 10.57 years.

Diana’s vessels are employed mainly on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials.