Diana Shipping Inc. Announces Time Charter Contract for m/v Maera
Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract through its subsidiary with China Resource Chartering for its Panamax vessel, m/v Maera. The contract specifies a gross charter rate of $8,400 per day (minus 5% commission) from December 15, 2024, until minimum September 20, 2025, with possible extension to November 20, 2025. The charter is expected to generate approximately $2.31 million in gross revenue for the minimum period.
The Maera is a 75,403 dwt Kamsarmax vessel built in 2013. DSX's current fleet comprises 38 dry bulk vessels with a combined capacity of 4.2 million dwt and an average age of 11.21 years. The company anticipates delivery of two methanol dual fuel Kamsarmax vessels by 2027-2028.
Diana Shipping Inc. (NYSE: DSX) ha ottenuto un nuovo contratto di noleggio a lungo termine tramite la sua sussidiaria con China Resource Chartering per la sua nave Panamax, m/v Maera. Il contratto prevede un tasso di noleggio lordo di $8,400 al giorno (meno il 5% di commissione) a partire dal 15 dicembre 2024, fino a un minimo del 20 settembre 2025, con possibile estensione fino al 20 novembre 2025. Si prevede che il noleggio genererà circa $2.31 milioni di entrate lorde per il periodo minimo.
La Maera è una nave Kamsarmax da 75,403 dwt costruita nel 2013. La flotta attuale di DSX comprende 38 navi da carico secco con una capacità totale di 4.2 milioni di dwt e un'età media di 11.21 anni. L'azienda prevede la consegna di due navi Kamsarmax a doppio carburante a metanolo entro il 2027-2028.
Diana Shipping Inc. (NYSE: DSX) ha conseguido un nuevo contrato de chárter a tiempo a través de su subsidiaria con China Resource Chartering para su buque Panamax, m/v Maera. El contrato especifica un tasa de chárter bruto de $8,400 por día (menos un 5% de comisión) a partir del 15 de diciembre de 2024, hasta un mínimo el 20 de septiembre de 2025, con posible extensión hasta el 20 de noviembre de 2025. Se espera que el chárter genere aproximadamente $2.31 millones en ingresos brutos durante el período mínimo.
La Maera es un buque Kamsarmax de 75,403 dwt construido en 2013. La flota actual de DSX comprende 38 buques graneleros con una capacidad combinada de 4.2 millones de dwt y una edad media de 11.21 años. La empresa espera recibir dos buques Kamsarmax de doble combustible de metanol para 2027-2028.
다이애나 쉬핑 주식회사 (NYSE: DSX)는 자회사와 함께 중국 자원 차터링과의 새로운 시간 차터 계약을 체결했습니다. Panamax 선박인 m/v Maera에 대한 계약입니다. 이 계약은 일일 총 차터 요금이 $8,400 (5% 수수료 제외)로 2024년 12월 15일부터 2025년 9월 20일까지 최소 기간 동안 유효하며, 2025년 11월 20일까지 연장 가능성을 포함합니다. 이 차터는 최소 기간 동안 약 $2.31 백만의 총 수익을 생성할 것으로 예상됩니다.
Maera는 2013년에 건조된 75,403 dwt Kamsarmax 선박입니다. DSX의 현재 함대는 총 38척의 건화물선을 보유하고 있으며, 총 용량은 420만 dwt, 평균 연령은 11.21년입니다. 이 회사는 2027-2028년까지 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 China Resource Chartering pour son navire Panamax, le m/v Maera. Le contrat spécifie un taux de charte brut de 8 400 $ par jour (moins 5 % de commission) à compter du 15 décembre 2024, jusqu'au minimum du 20 septembre 2025, avec une prolongation possible jusqu'au 20 novembre 2025. Le charter devrait générer environ 2,31 millions $ de revenus bruts pour la période minimale.
La Maera est un navire Kamsarmax de 75 403 dwt construit en 2013. La flotte actuelle de DSX comprend 38 navires de vrac sec avec une capacité totale de 4,2 millions dwt et un âge moyen de 11,21 ans. L'entreprise prévoit la livraison de deux navires Kamsarmax à double carburant au méthanol d'ici 2027-2028.
Diana Shipping Inc. (NYSE: DSX) hat über ihre Tochtergesellschaft einen neuen Zeitchartervertrag mit China Resource Chartering für ihr Panamax-Schiff, die m/v Maera, gesichert. Der Vertrag sieht einen brutto Charterrate von $8,400 pro Tag (abzüglich 5% Provision) ab dem 15. Dezember 2024 bis mindestens zum 20. September 2025 vor, mit einer möglichen Verlängerung bis zum 20. November 2025. Der Charter wird voraussichtlich etwa $2.31 Millionen an Bruttoeinnahmen für den Mindestzeitraum generieren.
Die Maera ist ein Kamsarmax-Schiff mit 75,403 dwt, das 2013 gebaut wurde. Die aktuelle Flotte von DSX besteht aus 38 Schüttgutschiffen mit einer Gesamttragfähigkeit von 4,2 Millionen dwt und einem Durchschnittsalter von 11,21 Jahren. Das Unternehmen erwartet die Lieferung von zwei Methanol-Dual-Fuel-Kamsarmax-Schiffen bis 2027-2028.
- Secured new time charter contract generating $2.31M minimum gross revenue
- Fleet expansion with two methanol dual fuel vessels scheduled for 2027-2028 delivery
- Charter rate of $8,400/day represents relatively low market rates
- Fleet's weighted average age of 11.21 years indicates aging assets
Insights
ATHENS, Greece, Dec. 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 China Resource Chartering Limited, for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is US
The “Maera” is a 75,403 dwt Kamsarmax dry bulk vessel built in 2013.
The employment of “Maera” 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 11.21 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 m/v Maera vessel in the new contract?
How much revenue will DSX generate from the Maera charter contract?
What is the current size of Diana Shipping's fleet as of December 2024?
When will DSX receive its new methanol dual fuel vessels?
What is the duration of DSX's new charter contract for m/v Maera?
