<p data-path-to-node="2" id="p-rc_47648cb9954ed3b9-299" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><b data-path-to-node="2" data-index-in-node="0" style="line-height: 1.15 !important;">ATHENS</b> — Prominent Greek dry bulk shipowner <b data-path-to-node="2" data-index-in-node="44" style="line-height: 1.15 !important;">Diana Shipping Inc.</b> <span class="citation-537" style="line-height: 1.15 !important;">has successfully secured an </span><b data-path-to-node="2" data-index-in-node="92" style="line-height: 1.15 !important;">18% rate increase</b><span class="citation-537" style="line-height: 1.15 !important;"> for one of its flagship Capesize carriers, the </span><i data-path-to-node="2" data-index-in-node="157" style="line-height: 1.15 !important;">Florida</i><span class="citation-537" style="line-height: 1.15 !important;">, under a new long-term time charter agreement with Japanese shipping major </span><b data-path-to-node="2" data-index-in-node="240" style="line-height: 1.15 !important;">NYK Line</b><span class="citation-537 citation-end-537" style="line-height: 1.15 !important;">.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="1" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2510184733="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c2510184733="" _nghost-ng-c615924515="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><h3 data-path-to-node="3" style="font-family: "Google Sans", sans-serif !important; line-height: 1.15 !important;"><b>Lucrative Long-Term Extension</b></h3><p data-path-to-node="4" id="p-rc_47648cb9954ed3b9-300" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><span class="citation-536" style="line-height: 1.15 !important;">According to commercial disclosures from the Semiramis Paliou-led shipping company, the 2022-built, 182,063 deadweight-tonne (dwt) </span><i data-path-to-node="4" data-index-in-node="131" style="line-height: 1.15 !important;">Florida</i><span class="citation-536" style="line-height: 1.15 !important;"> has been fixed at a gross daily hire rate of </span><b data-path-to-node="4" data-index-in-node="184" style="line-height: 1.15 !important;">$30,500</b><span class="citation-536 citation-end-536" style="line-height: 1.15 !important;"> (minus a standard 5% third-party commission).<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="2" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-535 citation-end-535" style="line-height: 1.15 !important;">The new charter is scheduled to commence during the second quarter of 2027 and will run for a minimum duration of 32 to 35.5 months.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="3" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2510184733="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c2510184733="" _nghost-ng-c615924515="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="5" id="p-rc_47648cb9954ed3b9-301" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><span class="citation-534" style="line-height: 1.15 !important;">Over the course of the minimum contractual window, the fixture is expected to generate approximately </span><b data-path-to-node="5" data-index-in-node="101" style="line-height: 1.15 !important;">$29.28 million</b><span class="citation-534 citation-end-534" style="line-height: 1.15 !important;"> in gross revenue for Diana Shipping.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="4" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-533 citation-end-533" style="line-height: 1.15 !important;">The vessel is currently employed under a legacy time charter with agricultural trading giant Bunge at $25,900 per day (also subject to a 5% commission).<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="5" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-532 citation-end-532" style="line-height: 1.15 !important;">The transition to the new NYK agreement marks a significant step-up in charter earnings for the modern Capesize unit.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="6" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2510184733="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c2510184733="" _nghost-ng-c615924515="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><h3 data-path-to-node="6" style="font-family: "Google Sans", sans-serif !important; line-height: 1.15 !important;"><b>Expanding Momentum in Dry Bulk Fixures</b></h3><p data-path-to-node="7" id="p-rc_47648cb9954ed3b9-302" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><span class="citation-531 citation-end-531" style="line-height: 1.15 !important;">The latest Capesize agreement builds on a robust string of profitable fixtures for Diana Shipping as the dry bulk period market continues to firm up.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="7" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-530" style="line-height: 1.15 !important;">In the previous month, the company locked in a staggering 65% rate increase for its 2012-built Newcastlemax vessel, the </span><i data-path-to-node="7" data-index-in-node="270" style="line-height: 1.15 !important;">Philadelphia</i><span class="citation-530 citation-end-530" style="line-height: 1.15 !important;">, fixing it to Classic Maritime at $35,500 per day starting in August.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="8" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-529" style="line-height: 1.15 !important;">Diana has also secured improved employment terms for other units in its fleet, including the Panamax </span><i data-path-to-node="7" data-index-in-node="454" style="line-height: 1.15 !important;">Ismene</i><span class="citation-529" style="line-height: 1.15 !important;"> and Kamsarmax </span><i data-path-to-node="7" data-index-in-node="475" style="line-height: 1.15 !important;">Medusa</i><span class="citation-529 citation-end-529" style="line-height: 1.15 !important;">.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="9" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2510184733="" style="line-height: 1.15 !important;"> <source-inline-chip _ngcontent-ng-c2510184733="" _nghost-ng-c615924515="" class="ng-star-inserted" style="line-height: 1.15 !important;"><!----><!----><!----><!----><!----></source-inline-chip><!----><!----><!----></sources-carousel-inline></p><p data-path-to-node="8" id="p-rc_47648cb9954ed3b9-303" style="font-family: "Google Sans Text", sans-serif !important; line-height: 1.15 !important;"><span class="citation-528 citation-end-528" style="line-height: 1.15 !important;">Diana Shipping currently controls an active fleet of 36 dry bulk vessels with a combined carrying capacity of approximately 4.1 million dwt, alongside two methanol dual-fuel Kamsarmax newbuildings slated for delivery between late 2027 and early 2028.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="10" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span> <span class="citation-527 citation-end-527" style="line-height: 1.15 !important;">While capitalizing on strengthening freight markets, the company continues to navigate ongoing corporate initiatives, including its active discussions regarding US-listed Genco Shipping & Trading.<source-footnote ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c717954970="" style="line-height: 1.15 !important;"><sup _ngcontent-ng-c717954970="" class="superscript" data-turn-source-index="11" style="line-height: 1.15 !important; font-size: 16px !important; background-color: transparent !important;"><!----></sup></source-footnote></span><sources-carousel-inline ng-version="0.0.0-PLACEHOLDER" _nghost-ng-c2510184733="" style="line-height: 1.15 !important;"></sources-carousel-inline></p>
Diana Shipping Secures 18% Rate Increase on Capesize Bulker Charter
According to commercial disclosures from the Semiramis Paliou-led shipping company, the 2022-built, 182,063 deadweight-tonne (dwt) Florida has been fixed at a gross daily hire rate of $30,500 (minus a standard 5% third-party commission). The new charter is scheduled to commence during the second quarter of 2027 and will run for a minimum duration of 32 to 35.5 months.
