Diana Shipping Inc. Announces Time Charter Contract for m/v Leto with Cargill
Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract through its subsidiary with Cargill International SA for the Panamax vessel m/v Leto. The contract specifies a gross charter rate of $12,750 per day, with a 4.75% third-party commission, running from March 31, 2025, until minimum July 16, 2026, with possible extension to September 16, 2026.
The charter is expected to generate approximately $5.93 million in gross revenue for the minimum scheduled period. The Leto, built in 2010, is an 81,297 dwt Panamax dry bulk vessel.
Diana Shipping's fleet comprises 37 dry bulk vessels with a combined capacity of 4.1 million dwt and an average age of 11.40 years. Additionally, the company anticipates delivery of two methanol dual fuel Kamsarmax vessels by 2H 2027 and 1H 2028.
Diana Shipping Inc. (NYSE: DSX) ha ottenuto un nuovo contratto di noleggio a lungo termine tramite la sua sussidiaria con Cargill International SA per la nave Panamax m/v Leto. Il contratto prevede un tasso di noleggio lordo di $12,750 al giorno, con una commissione del 4,75% per terzi, valido dal 31 marzo 2025 fino a un minimo del 16 luglio 2026, con possibile estensione fino al 16 settembre 2026.
Si prevede che il noleggio genererà circa $5,93 milioni di ricavi lordi per il periodo programmato minimo. La Leto, costruita nel 2010, è una nave da carico secco Panamax con un peso lordo di 81.297 dwt.
La flotta di Diana Shipping comprende 37 navi da carico secco con una capacità totale di 4,1 milioni di dwt e un'età media di 11,40 anni. Inoltre, l'azienda prevede la consegna di due navi Kamsarmax a doppio carburante a metanolo entro il secondo semestre del 2027 e il primo semestre del 2028.
Diana Shipping Inc. (NYSE: DSX) ha asegurado un nuevo contrato de fletamento a tiempo a través de su subsidiaria con Cargill International SA para el buque Panamax m/v Leto. El contrato especifica un tarifa de fletamento bruto de $12,750 por día, con una comisión del 4.75% para terceros, que estará en vigor desde el 31 de marzo de 2025 hasta, como mínimo, el 16 de julio de 2026, con posible extensión hasta el 16 de septiembre de 2026.
Se espera que el fletamento genere aproximadamente $5.93 millones en ingresos brutos para el período programado mínimo. El Leto, construido en 2010, es un buque de carga seca Panamax con un peso muerto de 81,297 dwt.
La flota de Diana Shipping comprende 37 buques de carga seca con una capacidad combinada de 4.1 millones de dwt y una edad promedio de 11.40 años. Además, la empresa anticipa la entrega de dos buques Kamsarmax de doble combustible de metanol para el segundo semestre de 2027 y el primer semestre de 2028.
다이애나 쉬핑 주식회사 (NYSE: DSX)는 자회사를 통해 Cargill International SA와 Panamax 선박 m/v Leto에 대한 새로운 시간 용선 계약을 체결했습니다. 계약은 일일 총 용선료가 $12,750이며, 제3자 수수료가 4.75%로 명시되어 있으며, 2025년 3월 31일부터 최소 2026년 7월 16일까지 유효하며, 2026년 9월 16일까지 연장 가능성이 있습니다.
이 용선 계약은 최소 예정 기간 동안 약 $5.93 백만의 총 수익을 생성할 것으로 예상됩니다. Leto는 2010년에 건조된 81,297 dwt의 Panamax 건화물 선박입니다.
다이애나 쉬핑의 함대는 37척의 건화물 선박으로 구성되어 있으며, 총 용량은 410만 dwt이고 평균 연령은 11.40년입니다. 또한, 회사는 2027년 하반기와 2028년 상반기까지 두 척의 메탄올 이중 연료 Kamsarmax 선박의 인도를 예상하고 있습니다.
Diana Shipping Inc. (NYSE: DSX) a sécurisé un nouveau contrat de charter à temps par l'intermédiaire de sa filiale avec Cargill International SA pour le navire Panamax m/v Leto. Le contrat spécifie un taux de charter brut de 12 750 $ par jour, avec une commission de 4,75 % pour les tiers, valable du 31 mars 2025 jusqu'au minimum le 16 juillet 2026, avec une possible extension jusqu'au 16 septembre 2026.
Le charter devrait générer environ 5,93 millions de dollars de revenus bruts pour la période programmée minimale. Le Leto, construit en 2010, est un navire de transport de vrac sec Panamax de 81 297 dwt.
La flotte de Diana Shipping comprend 37 navires de transport de vrac sec avec une capacité totale de 4,1 millions de dwt et un âge moyen de 11,40 ans. De plus, la société prévoit la livraison de deux navires Kamsarmax à double carburant au méthanol d'ici le deuxième semestre 2027 et le premier semestre 2028.
Diana Shipping Inc. (NYSE: DSX) hat über ihre Tochtergesellschaft einen neuen Zeitchartervertrag mit Cargill International SA für das Panamax-Schiff m/v Leto gesichert. Der Vertrag sieht einen brutto Charterpreis von 12.750 $ pro Tag vor, mit einer Provision von 4,75 % für Dritte, die vom 31. März 2025 bis mindestens 16. Juli 2026 läuft, mit möglicher Verlängerung bis zum 16. September 2026.
Der Charter wird voraussichtlich etwa 5,93 Millionen $ an Bruttoeinnahmen für den minimalen geplanten Zeitraum generieren. Die Leto, die 2010 gebaut wurde, ist ein Panamax-Schüttgutfrachter mit 81.297 dwt.
Die Flotte von Diana Shipping umfasst 37 Schüttgutfrachter mit einer Gesamttragfähigkeit von 4,1 Millionen dwt und einem Durchschnittsalter von 11,40 Jahren. Darüber hinaus erwartet das Unternehmen die Lieferung von zwei Methanol-Dual-Fuel-Kamsarmax-Schiffen bis zum 2. Halbjahr 2027 und 1. Halbjahr 2028.
- Secured new time charter contract generating $5.93M minimum gross revenue
- Fleet expansion with two eco-friendly methanol dual fuel vessels by 2028
- Strong fleet of 37 vessels with 4.1M dwt total capacity
- Relatively high fleet age averaging 11.40 years
- Long wait time for new eco-friendly vessels delivery (2027-2028)
ATHENS, Greece, March 24, 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 International SA, Geneva, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is US
The “Leto” is an 81,297 dwt Panamax dry bulk vessel built in 2010.
The employment of “Leto” is anticipated to generate approximately US
Diana Shipping Inc.’s fleet currently consists 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, excluding the two vessels not yet delivered, is approximately 4.1 million dwt with a weighted average age of 11.40 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.
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 and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone: + 1-203-972-8350 Email: enebb@optonline.net
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