Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract For m/v Phaidra With Aquavita
Diana Shipping Inc. (NYSE: DSX) has announced the extension of a time charter contract for its Post-Panamax dry bulk vessel, the m/v Phaidra, with Aquavita International S.A. The new charter period is set to begin on October 11, 2024, with a gross charter rate of US$12,000 per day, minus a 4.75% commission paid to third parties. The contract duration is from a minimum of May 1, 2025, to a maximum of July 15, 2025.
The employment of Phaidra is expected to generate approximately US$2.4 million of gross revenue for the minimum scheduled period. Diana Shipping's fleet currently consists of 38 dry bulk vessels with a combined carrying capacity of about 4.2 million dwt and a weighted average age of 11.01 years. The company is also anticipating the delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028.
Diana Shipping Inc. (NYSE: DSX) ha annunciato l'estensione di un contratto di charter temporaneo per la sua nave da carico secco Post-Panamax, la m/v Phaidra, con Aquavita International S.A. Il nuovo periodo di noleggio avrà inizio l'11 ottobre 2024, con una tariffa di charter lorda di 12.000 US$ al giorno, meno una commissione del 4,75% pagata a terzi. La durata del contratto va da un minimo del 1 maggio 2025 a un massimo del 15 luglio 2025.
L'impiego della Phaidra dovrebbe generare circa 2,4 milioni di US$ di ricavi lordi per il periodo minimo programmato. La flotta di Diana Shipping attualmente consiste in 38 navi da carico secco con una capacità di carico combinata di circa 4,2 milioni di dwt e un'età media ponderata di 11,01 anni. L'azienda prevede anche la consegna di due nuove navi da carico secco Kamsarmax a doppio carburante a metanolo nella seconda metà del 2027 e nella prima metà del 2028.
Diana Shipping Inc. (NYSE: DSX) ha anunciado la extensión de un contrato de fletamento a tiempo para su buque de carga seca Post-Panamax, el m/v Phaidra, con Aquavita International S.A. El nuevo período de fletamento comenzará el 11 de octubre de 2024, con una tarifa bruta de fletamento de 12,000 US$ al día, menos una comisión del 4.75% pagada a terceros. La duración del contrato es de un mínimo del 1 de mayo de 2025 a un máximo del 15 de julio de 2025.
Se espera que la empleabilidad de Phaidra genere aproximadamente 2.4 millones de US$ de ingresos brutos para el período programado mínimo. La flota de Diana Shipping actualmente consta de 38 buques de carga seca con una capacidad de carga combinada de aproximadamente 4.2 millones de dwt y una edad promedio ponderada de 11.01 años. La empresa también anticipa la entrega de dos nuevos buques de carga seca Kamsarmax de combustible dual de metanol en la segunda mitad de 2027 y la primera mitad de 2028.
다이애나 쉬핑 주식회사 (NYSE: DSX)는 아쿠아비타 인터내셔널 S.A.와 함께하는 포스트 판아막스 드라이 벌크 선박 m/v Phaidra의 시간 차터 계약 연장을 발표했습니다. 새로운 차터 기간은 2024년 10월 11일에 시작되며, 총 차터 요금은 일일 12,000 달러로, 제3자에게 지불되는 4.75%의 수수료를 제외합니다. 계약 기간은 2025년 5월 1일 최소부터 2025년 7월 15일 최대까지입니다.
Phaidra의 고용은 최소 예정 기간 동안 약 240만 달러의 총 수익을 발생시킬 것으로 예상됩니다. 다이애나 쉬핑의 현재 선대는 약 420만 dwt의 총 운반 용량을 가진 38척의 드라이 벌크 선박으로 구성되어 있으며, 평균 연령은 11.01년입니다. 이 회사는 또한 2027년 하반기와 2028년 상반기까지 두 척의 메탄올 이중연료 카마르막스 드라이 벌크 신조 선박의 인도를 예상하고 있습니다.
Diana Shipping Inc. (NYSE: DSX) a annoncé l'extension d'un contrat de temps affrètement pour son navire à sec Post-Panamax, le m/v Phaidra, avec Aquavita International S.A. La nouvelle période de charter commencera le 11 octobre 2024, avec un taux d'affrètement brut de 12 000 US$ par jour, moins une commission de 4,75% versée à des tiers. La durée du contrat s'étend d'un minimum du 1er mai 2025 à un maximum du 15 juillet 2025.
L'exploitation de Phaidra devrait générer environ 2,4 millions US$ de revenus bruts pour la période minimale programmée. La flotte de Diana Shipping se compose actuellement de 38 navires de charge à sec avec une capacité de transport combinée d'environ 4,2 millions de dwt et un âge moyen pondéré de 11,01 ans. L'entreprise prévoit également la livraison de deux nouveaux navires Kamsarmax à double carburant au méthanol d'ici la seconde moitié de 2027 et la première moitié de 2028.
Diana Shipping Inc. (NYSE: DSX) hat die Verlängerung eines Zeitchartervertrags für sein Post-Panamax-Trockenschiff, die m/v Phaidra, mit Aquavita International S.A. bekannt gegeben. Die neue Charterperiode beginnt am 11. Oktober 2024 zu einem Brutto-Charterpreis von 12.000 US$ pro Tag, abzüglich einer Provision von 4,75%, die an Dritte gezahlt wird. Die Vertragslaufzeit reicht von mindestens dem 1. Mai 2025 bis maximal dem 15. Juli 2025.
Die Beschäftigung der Phaidra wird voraussichtlich etwa 2,4 Millionen US$ an Bruttoumsatz für den Mindestzeitraum generieren. Die Flotte von Diana Shipping besteht derzeit aus 38 Trockenschiffen mit einer kombinierten Tragfähigkeit von etwa 4,2 Millionen dwt und einem gewichteten Durchschnittsalter von 11,01 Jahren. Das Unternehmen rechnet außerdem mit der Lieferung von zwei neuen Kamsarmax-Trockenschiffen mit dualem Methanolantrieb in der zweiten Hälfte von 2027 und der ersten Hälfte von 2028.
- Extended time charter contract for m/v Phaidra with Aquavita International S.A.
- Expected gross revenue of US$2.4 million for the minimum scheduled period
- Fleet of 38 dry bulk vessels with 4.2 million dwt combined carrying capacity
- Two methanol dual fuel new-building Kamsarmax vessels expected for delivery in 2027 and 2028
- Slight decrease in gross charter rate to US$12,000 per day from previous contracts
Insights
The direct continuation of the time charter contract for m/v Phaidra represents a stable revenue stream for Diana Shipping Inc. The
The anticipated gross revenue of
The company's investment in two methanol dual fuel new-building Kamsarmax vessels, expected for delivery in 2027 and 2028, indicates a long-term commitment to fleet modernization and potential compliance with future environmental regulations. This forward-looking approach may position Diana Shipping favorably in the evolving shipping industry landscape.
ATHENS, Greece, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Aquavita International S.A., for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is US
The “Phaidra” is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013.
The employment of “Phaidra” is anticipated to generate approximately US
Diana Shipping Inc.’s fleet currently consists of 38 dry bulk vessels: 4 Newcastlemax, 8 Capesize, 5 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. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.2 million dwt with a weighted average age of 11.01 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute a part of this press release.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily 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 along worldwide shipping routes.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
FAQ
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