Diana Shipping Inc., a leading global shipping company specializing in dry bulk vessels, has announced the direct continuation of a time charter contract for its Post-Panamax vessel, the m/v Amphitrite. The charter extension, facilitated by a wholly-owned subsidiary, involves a gross charter rate of US$12,250 per day for the initial 30 days and US$15,000 per day thereafter, lasting from January 12, 2024, until January 15, 2025. The agreement with Cobelfret S.A. based in Luxembourg, contributes to Diana Shipping’s sustained growth and enhances its position in the shipping industry.
This announcement comes on the heels of Diana Shipping’s recent achievement in securing a time charter contract for the m/v New Orleans with Kawasaki Kisen Kaisha, Ltd. The Capesize vessel will be chartered at a gross rate of US$20,000 per day, starting from December 7, 2023, until October 31, 2025. The contract strengthens Diana Shipping’s strategic partnership with Kawasaki while expanding its market presence and revenue streams.
Furthermore, Diana Shipping has also entered into a time charter agreement for the m/v DSI Andromeda with Bunge SA, a renowned Geneva-based commodities trader. The Ultramax dry bulk vessel will command a gross charter rate of US$13,500 per day, from November 24, 2023, until April 20, 2025. The collaboration with Bunge adds to Diana Shipping’s diverse portfolio of charterers and reinforces its reputation as a reliable shipping partner.
These significant contract extensions underscore Diana Shipping’s commitment to sustainable growth and its ability to navigate the complex global shipping market. In line with its expertise in vessel ownership and bareboat chartering, the company continues to forge strategic partnerships and secure long-term charters, bolstering its financial stability and ensuring a steady revenue stream.
By extending its charter contracts for key vessels, Diana Shipping strengthens its position within the dry bulk market. The company’s prudent business decisions and proactive approach in aligning with reputable charterers demonstrate its resilience and adaptability. As such, Diana Shipping remains a trusted and sought-after partner in the global shipping industry.
Overall, these recent developments highlight Diana Shipping’s continuous efforts to enhance its fleet management and maximize returns for its shareholders. Through strategic partnerships and a robust network of charterers, the company solidifies its market presence and reinforces its reputation as a reliable and innovative shipping provider.
With its sustained growth trajectory and commitment to excellence, Diana Shipping is well-positioned to thrive in an ever-evolving shipping landscape, contributing to the global economy and meeting the demands of international trade.
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