Diana Shipping Inc. Announces the Sale of a Post-Panamax Dry Bulk Vessel, the m/v Alcmene, and the Direct Continuation of Time Charter Contract for m/v San Francisco With SwissMarine
Diana Shipping Inc. (NYSE: DSX) has announced two significant transactions: First, the sale of its 2010-built Post-Panamax vessel 'Alcmene' for approximately $11.9 million, with delivery to an unaffiliated buyer by March 7, 2025. Second, the company has secured a new time charter contract with SwissMarine for its Newcastlemax vessel 'm/v San Francisco' at a $26,000 daily rate (up from previous $22,000), starting February 27, 2025, until minimum October 25, 2026.
The San Francisco charter is expected to generate about $15.55 million in gross revenue. After the Alcmene sale, Diana's fleet will comprise 37 dry bulk vessels with a combined capacity of 4.2 million dwt and an average age of 11.37 years. The company also has two methanol dual fuel Kamsarmax vessels on order for delivery in 2027-2028.
Diana Shipping Inc. (NYSE: DSX) ha annunciato due transazioni significative: Prima, la vendita della sua nave Post-Panamax 'Alcmene', costruita nel 2010, per circa 11,9 milioni di dollari, con consegna a un acquirente non affiliato entro il 7 marzo 2025. In secondo luogo, l'azienda ha ottenuto un nuovo contratto di noleggio a lungo termine con SwissMarine per la sua nave Newcastlemax 'm/v San Francisco' a un tasso giornaliero di 26.000 dollari (in aumento rispetto ai precedenti 22.000 dollari), a partire dal 27 febbraio 2025, fino a un minimo del 25 ottobre 2026.
Si prevede che il noleggio della San Francisco genererà circa 15,55 milioni di dollari di entrate lorde. Dopo la vendita dell'Alcmene, la flotta di Diana comprenderà 37 navi a secco con una capacità combinata di 4,2 milioni di dwt e un'età media di 11,37 anni. L'azienda ha anche ordinato due navi Kamsarmax a doppio carburante a metanolo, previste per la consegna nel 2027-2028.
Diana Shipping Inc. (NYSE: DSX) ha anunciado dos transacciones significativas: Primero, la venta de su buque Post-Panamax 'Alcmene', construido en 2010, por aproximadamente 11.9 millones de dólares, con entrega a un comprador no afiliado antes del 7 de marzo de 2025. En segundo lugar, la compañía ha asegurado un nuevo contrato de fletamento a tiempo con SwissMarine para su buque Newcastlemax 'm/v San Francisco' a una tarifa diaria de 26,000 dólares (un aumento desde los anteriores 22,000 dólares), comenzando el 27 de febrero de 2025, hasta un mínimo del 25 de octubre de 2026.
Se espera que el fletamento de San Francisco genere aproximadamente 15.55 millones de dólares en ingresos brutos. Después de la venta del Alcmene, la flota de Diana estará compuesta por 37 buques de carga seca con una capacidad combinada de 4.2 millones de dwt y una edad promedio de 11.37 años. La empresa también tiene dos buques Kamsarmax de doble combustible de metanol en orden para entrega en 2027-2028.
다이애나 해운 주식회사 (NYSE: DSX)가 두 가지 중요한 거래를 발표했습니다: 첫째, 2010년에 건조된 포스트 판아맥스 선박 '알크메네'를 약 1,190만 달러에 판매하며, 2025년 3월 7일까지 비관련 구매자에게 인도될 예정입니다. 둘째, 회사는 스위스마린과의 새로운 시간 용선 계약을 체결하여 뉴캐슬맥스 선박 'm/v 샌프란시스코'를 하루 26,000달러에 임대합니다 (이전의 22,000달러에서 증가), 2025년 2월 27일부터 2026년 10월 25일까지 최소 기간 동안입니다.
샌프란시스코 용선은 약 1,555만 달러의 총 수익을 생성할 것으로 예상됩니다. 알크메네 판매 후, 다이애나의 선대는 4.2백만 dwt의 총 용량을 가진 37척의 건화물 선박으로 구성될 것이며, 평균 연령은 11.37년입니다. 회사는 또한 2027-2028년 인도를 위해 메탄올 이중 연료 카마르막스 선박 2척을 주문했습니다.
Diana Shipping Inc. (NYSE: DSX) a annoncé deux transactions significatives : D'abord, la vente de son navire Post-Panamax 'Alcmene', construit en 2010, pour environ 11,9 millions de dollars, avec livraison à un acheteur non affilié d'ici le 7 mars 2025. Ensuite, la société a sécurisé un nouveau contrat de charter à temps avec SwissMarine pour son navire Newcastlemax 'm/v San Francisco' à un tarif journalier de 26 000 dollars (en hausse par rapport aux précédents 22 000 dollars), à partir du 27 février 2025, jusqu'au minimum du 25 octobre 2026.
Le charter de San Francisco devrait générer environ 15,55 millions de dollars de revenus bruts. Après la vente de l'Alcmene, la flotte de Diana comprendra 37 navires de vrac sec avec une capacité totale de 4,2 millions de dwt et un âge moyen de 11,37 ans. L'entreprise a également commandé deux navires Kamsarmax à double carburant au méthanol pour une livraison prévue en 2027-2028.
Diana Shipping Inc. (NYSE: DSX) hat zwei bedeutende Transaktionen angekündigt: Erstens den Verkauf seines 2010 gebauten Post-Panamax-Schiffs 'Alcmene' für etwa 11,9 Millionen Dollar, mit Lieferung an einen unverbundenen Käufer bis zum 7. März 2025. Zweitens hat das Unternehmen einen neuen Zeitchartervertrag mit SwissMarine für sein Newcastlemax-Schiff 'm/v San Francisco' zu einem Tagespreis von 26.000 Dollar (ein Anstieg von zuvor 22.000 Dollar) gesichert, beginnend am 27. Februar 2025, bis mindestens 25. Oktober 2026.
Der Charter für San Francisco wird voraussichtlich etwa 15,55 Millionen Dollar an Bruttoeinnahmen generieren. Nach dem Verkauf der Alcmene wird die Flotte von Diana aus 37 Trockenbulk-Schiffen mit einer Gesamttragfähigkeit von 4,2 Millionen dwt und einem Durchschnittsalter von 11,37 Jahren bestehen. Das Unternehmen hat außerdem zwei Methanol-Dual-Fuel-Kamsarmax-Schiffe in Auftrag gegeben, die für die Lieferung in den Jahren 2027-2028 geplant sind.
- New charter rate for m/v San Francisco increased by 18.2% to $26,000/day
- Secured $15.55 million minimum gross revenue from San Francisco charter
- Sale of aging vessel Alcmene for $11.9 million improving fleet age profile
- Fleet reduction by one vessel affecting total capacity
- Fleet's weighted average age of 11.37 years indicates aging assets
Insights
The vessel sale and charter extension announcement reveals Diana Shipping's sophisticated approach to fleet optimization and revenue management. The disposal of the 13-year-old Alcmene at
The charter extension for San Francisco at
Particularly noteworthy is Diana's strategic positioning with upcoming methanol dual-fuel Kamsarmax vessels, scheduled for delivery in 2027-2028. This investment in next-generation technology, combined with the disposal of older tonnage, indicates a clear transition toward a more sustainable and profitable fleet composition. The company's fleet modernization strategy, maintaining a weighted average age of 11.37 years, positions it favorably for future environmental regulations and charter market opportunities.
ATHENS, Greece, Feb. 12, 2025 (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 it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2010-built Post-Panamax vessel “Alcmene”, with delivery to the buyer latest by March 7, 2025, for a sale price of approximately US
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco. The gross charter rate is US
The “San Francisco” is a 208,006 dwt Newcastlemax dry bulk vessel built in 2017.
The employment extension of “San Francisco” is anticipated to generate approximately US
Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist 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. As of today, the combined carrying capacity of the Company’s fleet, including the m/v Alcmene and excluding the two vessels not yet delivered, is approximately 4.2 million dwt with a weighted average age of 11.37 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
What is the sale price of DSX's vessel Alcmene in 2025?
What is the new charter rate for DSX's vessel San Francisco in 2025?
How many vessels will DSX operate after the Alcmene sale?
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When will DSX's new charter contract for San Francisco commence?
