Diana Shipping Inc. Announces Time Charter Contract for m/v Selina with Raffles Shipping
Diana Shipping Inc. (NYSE: DSX) has announced a new time charter contract for its Panamax dry bulk vessel, m/v Selina, with Raffles Shipping International Pte. The contract features a gross charter rate of US$10,500 per day, minus a 5% commission to third parties, for a period until minimum March 1, 2025, up to maximum April 20, 2025. The charter is set to commence on October 17, 2024.
The m/v Selina, a 75,700 dwt Panamax vessel built in 2010, is expected to generate approximately US$1.39 million in gross revenue for the minimum scheduled period. Diana Shipping's fleet currently consists of 38 dry bulk vessels with a combined carrying capacity of about 4.2 million dwt and an average age of 11.04 years. The company is also awaiting delivery of two methanol dual fuel new-building Kamsarmax vessels by 2028.
Diana Shipping Inc. (NYSE: DSX) ha annunciato un nuovo contratto di noleggio a tempo per la sua nave bulk carrier Panamax, m/v Selina, con Raffles Shipping International Pte. Il contratto prevede un canone di noleggio lordo di 10.500 dollari al giorno, meno una commissione del 5% a terzi, per un periodo che va fino al minimo 1 marzo 2025, fino a un massimo 20 aprile 2025. Il noleggio inizierà il 17 ottobre 2024.
La m/v Selina, una nave Panamax da 75.700 dwt costruita nel 2010, si prevede genererà circa 1,39 milioni di dollari di ricavi lordi per il periodo minimo programmato. La flotta di Diana Shipping attualmente consiste di 38 navi bulk carrier con una capacità di carico combinata di circa 4,2 milioni di dwt e un'età media di 11,04 anni. L'azienda attende 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 granelero Panamax, el m/v Selina, con Raffles Shipping International Pte. El contrato incluye una tarifa de fletamento bruta de 10.500 dólares por día, menos una comisión del 5% a terceros, por un período que va hasta el mínimo del 1 de marzo de 2025, hasta un máximo del 20 de abril de 2025. El fletamento comenzará el 17 de octubre de 2024.
El m/v Selina, un buque Panamax de 75.700 dwt construido en 2010, se espera que genere aproximadamente 1,39 millones de dólares en ingresos brutos durante el período mínimo programado. La flota de Diana Shipping actualmente consta de 38 buques graneleros con una capacidad de carga combinada de aproximadamente 4,2 millones de dwt y una edad promedio de 11,04 años. La compañía también está esperando la entrega de dos nuevos buques Kamsarmax de doble combustible de metanol para 2028.
다이애나 해운 주식회사 (NYSE: DSX)는 Raffles Shipping International Pte와 함께 그들의 파나막스 건조 벌크선인 m/v Selina에 대한 새로운 시간 챠터 계약을 발표했습니다. 이 계약은 최소 2025년 3월 1일까지, 최대 2025년 4월 20일까지의 기간 동안, 하루 10,500 달러의 총 챠터 요금에서 제3자에게 5%의 커미션을 공제하여 적용됩니다. 챠터는 2024년 10월 17일부터 시작될 예정입니다.
m/v Selina은 2010년에 건조된 75,700 dwt 파나막스 선박으로, 최소 예정 기간 동안 약 139만 달러의 총 수익을 창출할 것으로 예상됩니다. 다이애나 해운의 함대는 현재 38척의 건조 벌크선으로 구성되어 있으며, 총 화물 운반 능력은 약 420만 dwt로 평균 연령은 11.04년입니다. 이 회사는 또한 2028년까지 메탄올 이중 연료로 건조 중인 두 척의 칸사막스 선박의 인도를 기다리고 있습니다.
Diana Shipping Inc. (NYSE: DSX) a annoncé un nouveau contrat de charter à temps pour son navire bulk carrier Panamax, le m/v Selina, avec Raffles Shipping International Pte. Le contrat prévoit un taux de charter brut de 10 500 USD par jour, moins une commission de 5 % pour des tiers, pour une période allant jusqu'au 1er mars 2025 minimum, et jusqu'au 20 avril 2025 maximum. Le charter est prévu pour commencer le 17 octobre 2024.
Le m/v Selina, un navire Panamax de 75 700 dwt construit en 2010, devrait générer environ 1,39 million USD de revenus bruts pour la période minimale programmée. La flotte de Diana Shipping se compose actuellement de 38 navires bulk carriers ayant une capacité de charge combinée d'environ 4,2 millions de dwt et un âge moyen de 11,04 ans. L'entreprise attend également la livraison de deux nouveaux navires Kamsarmax à double carburant méthanol d'ici 2028.
Diana Shipping Inc. (NYSE: DSX) hat einen neuen Zeitchartervertrag für sein Panamax-Schüttgutschiff m/v Selina mit Raffles Shipping International Pte angekündigt. Der Vertrag sieht einen brutto Charterpreis von 10.500 US-Dollar pro Tag vor, abzüglich einer Provision von 5% an Dritte, für einen Zeitraum bis mindestens 1. März 2025, maximal 20. April 2025. Der Charter beginnt am 17. Oktober 2024.
Die m/v Selina, ein 75.700 dwt Panamax-Schiff, das 2010 gebaut wurde, wird voraussichtlich etwa 1,39 Millionen US-Dollar an Bruttoeinnahmen für den geplanten Mindestzeitraum generieren. Die Flotte von Diana Shipping besteht derzeit aus 38 Schüttgutschiffen mit einer insgesamt tragfähigen Kapazität von etwa 4,2 Millionen dwt und einem Durchschnittsalter von 11,04 Jahren. Das Unternehmen erwartet auch die Lieferung von zwei neuen Kamsarmax-Schiffen mit Methanol-Dualbrennstoff bis 2028.
- New time charter contract secured for m/v Selina
- Expected gross revenue of US$1.39 million for minimum charter period
- Diverse fleet of 38 dry bulk vessels with 4.2 million dwt capacity
- Two methanol dual fuel new-building Kamsarmax vessels expected for delivery by 2028
- None.
Insights
This time charter contract for the m/v Selina represents a moderate positive for Diana Shipping Inc. The
The contract's flexibility, with a potential extension to April 20, 2025, allows DSX to capitalize on potential market improvements. However, the
Diana Shipping's diverse fleet of 38 vessels, plus two upcoming methanol dual-fuel Kamsarmaxes, positions them well in the market. The average fleet age of 11.04 years is reasonable, balancing efficiency and capital costs. The company's strategy of securing time charters helps mitigate market risks, though it may limit upside potential in strong markets.
ATHENS, Greece, Oct. 16, 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 Raffles Shipping International Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US
The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010.
The employment of “Selina” 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 11.04 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
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