Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Aquarius With Bunge
Diana Shipping Inc. (NYSE: DSX) has secured a time charter contract with Bunge SA, Geneva for its Ultramax dry bulk vessel, the m/v DSI Aquarius. The contract specifies a gross charter rate of $13,300 per day, with a 5% third-party commission, for a period of 10-12 months starting December 6, 2024. The vessel is expected to generate approximately $3.99 million in gross revenue for the minimum charter period. The company's fleet comprises 38 dry bulk vessels with a combined capacity of 4.2 million dwt and awaits delivery of two methanol dual fuel Kamsarmax vessels by 2027-2028.
Diana Shipping Inc. (NYSE: DSX) ha stipulato un contratto di noleggio a tempo con Bunge SA, Ginevra per la sua nave ultramax da carico secco, la m/v DSI Aquarius. Il contratto prevede un canone di noleggio lordo di $13.300 al giorno, con una commissione del 5% per terzi, per un periodo di 10-12 mesi a partire dal 6 dicembre 2024. Si prevede che la nave generi circa $3,99 milioni di entrate lorde per il periodo minimo di noleggio. La flotta dell'azienda comprende 38 navi da carico secco con una capacità complessiva di 4,2 milioni di dwt e attende la consegna di due navi Kamsarmax a doppio carburante in metanolo entro il 2027-2028.
Diana Shipping Inc. (NYSE: DSX) ha asegurado un contrato de flete a tiempo con Bunge SA, Ginebra para su buque ultramax de carga seca, el m/v DSI Aquarius. El contrato especifica una tarifa de flete bruta de $13,300 por día, con una comisión del 5% para terceros, por un período de 10-12 meses a partir del 6 de diciembre de 2024. Se espera que el buque genere aproximadamente $3.99 millones en ingresos brutos durante el período mínimo de flete. La flota de la compañía comprende 38 buques de carga seca con una capacidad combinada de 4.2 millones de dwt y espera la entrega de dos buques Kamsarmax de doble combustible de metanol para 2027-2028.
다이나 배송 주식회사 (NYSE: DSX)는 분게 SA, 제네바와 자사의 울트라맥스 건화물 선박인 m/v DSI Aquarius에 대한 시간 용선 계약을 체결했습니다. 이 계약은 2024년 12월 6일부터 시작되는 10-12개월 기간 동안 일일 총 용선 요금이 $13,300이라고 명시하고 있으며, 제3자에 대한 5%의 수수료가 적용됩니다. 이 선박은 최소 용선 기간 동안 약 $3.99 백만의 총 수익을 발생시킬 것으로 예상됩니다. 회사의 선대는 4.2 백만 dwt의 총 용량을 갖춘 38척의 건화물 선박으로 구성되어 있으며, 2027-2028년까지 메탄올 이중 연료 카므사맥스 선박 2척의 인도를 기다리고 있습니다.
Diana Shipping Inc. (NYSE: DSX) a signé un contrat de charte à temps avec Bunge SA, Genève pour son navire ultramax de vrac sec, le m/v DSI Aquarius. Le contrat spécifie un taux de charte brut de 13 300 $ par jour, avec une commission de 5 % pour des tiers, pour une période de 10 à 12 mois à partir du 6 décembre 2024. Le navire devrait générer environ 3,99 millions de dollars de revenus bruts pour la période de charte minimale. La flotte de l'entreprise se compose de 38 navires de vrac sec avec une capacité combinée de 4,2 millions de dwt et attend la livraison de deux navires Kamsarmax à double carburant au méthanol d'ici 2027-2028.
Diana Shipping Inc. (NYSE: DSX) hat einen Zeitchartervertrag mit Bunge SA, Genf für sein Ultramax-Schüttgutschiff, die m/v DSI Aquarius, gesichert. Der Vertrag legt eine Bruttomiete von $13.300 pro Tag fest, mit einer 5%-Kommission für Dritte, für einen Zeitraum von 10-12 Monaten, beginnend am 6. Dezember 2024. Es wird erwartet, dass das Schiff während der Mindestcharterperiode etwa $3,99 Millionen an Bruttoeinnahmen generiert. Die Flotte des Unternehmens besteht aus 38 Schüttgutschiffen mit einer Gesamtgröße von 4,2 Millionen dwt und wartet auf die Lieferung von zwei Methanol-Dual-Fuel-Kamsarmax-Schiffen bis 2027-2028.
- Secured new time charter contract generating $3.99 million minimum gross revenue
- Fleet expansion with two methanol dual fuel vessels scheduled for delivery 2027-2028
- Substantial fleet of 38 vessels with 4.2 million dwt total capacity
- 5% commission reduces effective charter rate
Insights
This time charter contract with Bunge represents a solid business development for Diana Shipping. The
Diana Shipping's fleet diversification across various vessel sizes (from Ultramax to Newcastlemax) helps mitigate market risks. The upcoming addition of two methanol dual-fuel Kamsarmax vessels shows forward-thinking investment in environmentally compliant tonnage. With a fleet of 38 vessels and
ATHENS, Greece, Dec. 02, 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 Bunge SA, Geneva, for one of its Ultramax dry bulk vessels, the m/v DSI Aquarius. The gross charter rate is US
The “DSI Aquarius” is a 60,309 dwt Ultramax dry bulk vessel built in 2016.
The employment of “DSI Aquarius” 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 11.17 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 charter rate for DSX's vessel DSI Aquarius in the new contract?
When does Diana Shipping's (DSX) new charter contract for DSI Aquarius begin?
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