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 taken delivery of the m/v DSI Andromeda (formerly “STH Tokyo”), a 2016 built Ultramax dry bulk vessel of 60,309 dwt. The vessel is one of nine modern Ultramax dry bulk vessels that the Company entered into an agreement to purchase in August 2022.
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Marine Limited, for one of its Ultramax dry bulk vessels, the m/v DSI Polaris. The gross charter rate is US$13,100 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen (18) months to maximum twenty (20) months. The charter commenced on November 12, 2022.
The “DSI Polaris” is a 60,404 dwt Ultramax dry bulk vessel built in 2018.
The employment of “DSI Polaris” is anticipated to generate approximately US$7.07 million of gross revenue for the minimum scheduled period of the time charter.