Greece-based and New York-listed Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with Stone Shipping Ltd, for one of its ice class panamax dry bulk vessels, the Atalandi.
Stone Shipping hired the 77,529-dwt ice class panamax dry bulk vessel built in 2014.
The vessel is chartered for a gross charter rate of $9,000 per day for the first thirty-five days of the charter period and $10,100 per day for the balance period of the time charter, in each case minus a 5.00% commission paid to third parties, for a period until minimum June 15, 2026 up to maximum August 15, 2026.
The charter is expected to start on June 9.
The employment of Atalandi is anticipated to generate around $3.62m of gross revenue for the minimum scheduled period of the time charter.
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 11.60 years.
