Diana Shipping Inc. Announces Time Charter Contract for m/v Astarte With Paralos Shipping
Diana Shipping Inc. (NYSE: DSX) has announced a new time charter contract for its Kamsarmax dry bulk vessel, m/v Astarte. The contract, with Paralos Shipping Pte., , offers a gross charter rate of $14,000 per day, minus a 5% commission. The charter period is from August 18, 2024, until at least July 15, 2025, with a potential extension to September 15, 2025. This agreement is expected to generate approximately $4.58 million in gross revenue for the minimum scheduled period.
Following the sale of m/v Houston, Diana Shipping's fleet will comprise 38 dry bulk vessels, with a combined carrying capacity of about 4.4 million dwt and an average age of 11.03 years. The company is also anticipating the delivery of two methanol dual fuel new-building Kamsarmax vessels by 2028.
Diana Shipping Inc. (NYSE: DSX) ha annunciato un nuovo contratto di locazione a tempo per la sua nave da carico secco Kamsarmax, m/v Astarte. Il contratto, con Paralos Shipping Pte., offre una tariffa di locazione lorda di $14.000 al giorno, meno una commissione del 5%. Il periodo di locazione va dal 18 agosto 2024 fino almeno al 15 luglio 2025, con una possibile estensione fino al 15 settembre 2025. Questo accordo dovrebbe generare circa $4,58 milioni in ricavi lordi per il periodo programmato minimo.
Dopo la vendita di m/v Houston, la flotta di Diana Shipping comprenderà 38 navi da carico secco, con una capacità di carico combinata di circa 4,4 milioni di dwt e un'età media di 11,03 anni. L'azienda prevede anche la consegna di due nuove navi Kamsarmax a doppio combustibile a metanolo entro il 2028.
Diana Shipping Inc. (NYSE: DSX) ha anunciado un nuevo contrato de fletamento por tiempo para su buque de carga seca Kamsarmax, m/v Astarte. El contrato, con Paralos Shipping Pte., ofrece una tarifa de fletamento bruta de $14,000 por día, menos una comisión del 5%. El período de fletamento es del 18 de agosto de 2024 hasta al menos el 15 de julio de 2025, con una posible extensión hasta el 15 de septiembre de 2025. Se espera que este acuerdo genere aproximadamente $4.58 millones en ingresos brutos para el período mínimo programado.
Tras la venta de m/v Houston, la flota de Diana Shipping consistirá en 38 buques de carga seca, con una capacidad de carga total de aproximadamente 4.4 millones de dwt y una edad promedio de 11.03 años. La empresa también anticipa la entrega de dos nuevos buques Kamsarmax de doble combustible a metanol para 2028.
다이아나 해운(Diana Shipping Inc.)(NYSE: DSX)이 Kamsarmax 드라이벌크 선박인 m/v Astarte에 대한 새로운 시간 용선 계약을 발표했습니다. 이 계약은 Paralos Shipping Pte.와 체결되었으며, 일일 $14,000의 총 용선 요금을 제공하고 5%의 수수료를 차감합니다. 용선 기간은 2024년 8월 18일부터 최소 2025년 7월 15일까지이며, 2025년 9월 15일까지의 연장이 가능합니다. 이 계약은 최소 예정 기간 동안 약 $4.58 백만의 총 수익을 발생시킬 것으로 예상됩니다.
m/v 휴스턴을 매각한 후, 다이아나 해운의 선대는 38척의 드라이 벌크 선박으로 구성되며, 총 적재 용량은 약 440만 dwt이고 평균 연령은 11.03년입니다. 이 회사는 또한 2028년까지 두 척의 메탄올 이중 연료 신규 건조 Kamsarmax 선박의 인도를 예상하고 있습니다.
Diana Shipping Inc. (NYSE: DSX) a annoncé un nouveau contrat de charter à temps pour son navire de vrac sec Kamsarmax, m/v Astarte. Le contrat, avec Paralos Shipping Pte., offre un tarif de charter brut de 14 000 $ par jour, moins une commission de 5 %. La période de charter s'étend du 18 août 2024 jusqu'au moins le 15 juillet 2025, avec une extension potentielle jusqu'au 15 septembre 2025. Cet accord devrait générer environ 4,58 millions de dollars de revenus bruts pour la période prévue minimale.
Suite à la vente de m/v Houston, la flotte de Diana Shipping sera composée de 38 navires de vrac sec, ayant une capacité de charge combinée d'environ 4,4 millions de dwt et un âge moyen de 11,03 ans. L'entreprise s'attend également à la livraison de deux nouveaux navires Kamsarmax à double carburant au méthanol d'ici 2028.
Diana Shipping Inc. (NYSE: DSX) hat einen neuen Zeitchartervertrag für sein Kamsarmax-Trockengut-Schiff m/v Astarte angekündigt. Der Vertrag mit Paralos Shipping Pte. bietet einen Brutto-Charterpreis von $14.000 pro Tag, abzüglich einer Provision von 5%. Die Charterlaufzeit beginnt am 18. August 2024 und dauert mindestens bis zum 15. Juli 2025, mit einer möglichen Verlängerung bis zum 15. September 2025. Es wird erwartet, dass dieses Abkommen etwa $4,58 Millionen an Bruttoumsatz für den geplanten Mindestzeitraum generieren wird.
Nach dem Verkauf von m/v Houston wird die Flotte von Diana Shipping aus 38 Trockengutschiffen bestehen, die eine kombinierte Tragfähigkeit von etwa 4,4 Millionen dwt und ein Durchschnittsalter von 11,03 Jahren aufweisen. Das Unternehmen rechnet außerdem damit, bis 2028 zwei neue Kamsarmax-Schiffe mit Methanol-Dualantrieb zu liefern.
- New time charter contract secured for m/v Astarte, generating approximately $4.58 million in gross revenue
- Fleet modernization with the addition of two methanol dual fuel Kamsarmax vessels by 2028
- Diverse fleet of 38 dry bulk vessels across various size categories
- 5% commission paid to third parties on the charter rate
- Reduction in fleet size with the sale of m/v Houston
Insights
Diana Shipping's new time charter contract for m/v Astarte demonstrates a strategic move in a challenging dry bulk market. The
The time charter for m/v Astarte at
ATHENS, Greece, Aug. 13, 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 entered into a time charter contract with Paralos Shipping Pte., Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is US
The “Astarte” is an 81,513 dwt Kamsarmax dry bulk vessel built in 2013.
The employment of “Astarte” is anticipated to generate approximately US
Upon completion of the previously announced sale of m/v Houston, Diana Shipping Inc.’s fleet will consist 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 including the m/v Houston and excluding the two vessels not yet delivered, is approximately 4.4 million dwt with a weighted average age of 11.03 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 gross charter rate for m/v Astarte in Diana Shipping's (DSX) new contract?
When does the new charter for Diana Shipping's (DSX) m/v Astarte begin and end?
How many vessels will Diana Shipping (DSX) have in its fleet after the sale of m/v Houston?
What is the total carrying capacity of Diana Shipping's (DSX) fleet as of August 13, 2024?
