Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Pegasus With Cargill Ocean Transportation
Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract for its Ultramax vessel m/v DSI Pegasus with Cargill Ocean Transportation. The contract features a gross charter rate of $14,250 per day (minus 4.75% commission) from August 15, 2025, until minimum May 20, 2026, up to maximum July 20, 2026.
The charter is expected to generate approximately $3.92 million in gross revenue for the minimum period. The company's fleet currently consists of 36 dry bulk vessels with a combined carrying capacity of 4.1 million dwt and has two methanol dual fuel Kamsarmax vessels on order for delivery by 2028.
Diana Shipping Inc. (NYSE: DSX) ha stipulato un nuovo contratto di nolo a tempo per la sua nave Ultramax m/v DSI Pegasus con Cargill Ocean Transportation. Il contratto prevede un canone lordo di nolo di 14.250 $ al giorno (meno il 4,75% di commissione) dal 15 agosto 2025 fino ad almeno il 20 maggio 2026, con termine massimo il 20 luglio 2026.
Il nolo dovrebbe generare circa 3,92 milioni di dollari di ricavi lordi per il periodo minimo. La flotta dell'azienda è attualmente composta da 36 navi da carico secco con una capacità complessiva di 4,1 milioni di dwt e ha due navi Kamsarmax a doppia alimentazione metanolo in ordine con consegna prevista entro il 2028.
Diana Shipping Inc. (NYSE: DSX) ha asegurado un nuevo contrato de fletamento a tiempo para su buque Ultramax m/v DSI Pegasus con Cargill Ocean Transportation. El contrato establece una tarifa bruta de fletamento de 14.250 $ diarios (menos una comisión del 4,75%) desde el 15 de agosto de 2025 hasta al menos el 20 de mayo de 2026, con un máximo hasta el 20 de julio de 2026.
Se espera que el fletamento genere aproximadamente 3,92 millones de dólares en ingresos brutos durante el periodo mínimo. La flota de la compañía consta actualmente de 36 buques de carga seca con una capacidad total de 4,1 millones de dwt y tiene dos buques Kamsarmax de doble combustible de metanol en pedido para entrega en 2028.
Diana Shipping Inc. (NYSE: DSX)는 Ultramax 선박 m/v DSI Pegasus에 대해 Cargill Ocean Transportation과 새로운 기간 정기 용선 계약을 체결했습니다. 계약은 2025년 8월 15일부터 최소 2026년 5월 20일까지, 최대 2026년 7월 20일까지 하루 총 용선료 14,250달러 (수수료 4.75% 제외)를 포함합니다.
이 용선 계약은 최소 기간 동안 약 392만 달러의 총 수익을 창출할 것으로 예상됩니다. 회사의 선단은 현재 총 410만 dwt의 운송 능력을 가진 36척의 건화물선으로 구성되어 있으며, 2028년까지 인도 예정인 메탄올 이중 연료 카마스막스 선박 2척을 주문한 상태입니다.
Diana Shipping Inc. (NYSE: DSX) a conclu un nouveau contrat d'affrètement à temps pour son navire Ultramax m/v DSI Pegasus avec Cargill Ocean Transportation. Le contrat prévoit un taux brut d'affrètement de 14 250 $ par jour (moins une commission de 4,75 %) du 15 août 2025 au minimum jusqu'au 20 mai 2026, et au maximum jusqu'au 20 juillet 2026.
L'affrètement devrait générer environ 3,92 millions de dollars de revenus bruts pour la période minimale. La flotte de la société comprend actuellement 36 navires vraquiers d'une capacité totale de 4,1 millions de tpl et compte deux navires Kamsarmax à double carburant méthanol en commande, avec livraison prévue d'ici 2028.
Diana Shipping Inc. (NYSE: DSX) hat einen neuen Zeitchartervertrag für ihr Ultramax-Schiff m/v DSI Pegasus mit Cargill Ocean Transportation abgeschlossen. Der Vertrag sieht einen Bruttchartersatz von 14.250 $ pro Tag (abzüglich 4,75 % Provision) vom 15. August 2025 bis mindestens 20. Mai 2026, maximal bis 20. Juli 2026 vor.
Der Chartervertrag wird voraussichtlich rund 3,92 Millionen Dollar Bruttoerlös für den Mindestzeitraum generieren. Die Flotte des Unternehmens besteht derzeit aus 36 Trockenmassengutfrachtern mit einer Gesamtkapazität von 4,1 Millionen dwt und hat zwei Methanol-Dual-Fuel-Kamsarmax-Schiffe in Bestellung, die bis 2028 geliefert werden sollen.
- Expected to generate $3.92 million in gross revenue from minimum charter period
- Secured contract with major player Cargill Ocean Transportation
- Fleet modernization with two methanol dual fuel vessels on order
- Relatively high fleet age of 11.71 years
ATHENS, Greece, Aug. 08, 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 through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Pegasus. The gross charter rate is US
The “DSI Pegasus” is an 60,508 dwt Ultramax dry bulk vessel built in 2015.
The employment of “DSI Pegasus” is anticipated to generate approximately US
Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 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 4.1 million dwt, with a weighted average age of 11.71 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 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, tariff policies and other trade restrictions, 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.
Corporate Contact:
Ioannis Zafirakis
Director, Co-Chief Financial Officer,
Chief Strategy Officer,
Treasurer and Secretary
Telephone: + 30-210-9470-100
Email: izafirakis@dianashippinginc.com
Website: www.dianashippinginc.com
X: @Dianaship
Investor Relations/Media Contact:
Nicolas Bornozis / Daniela Guerrero
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, N.Y. 10169
Tel.: (212) 661-7566
Email: diana@capitallink.com
FAQ
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