Diana Shipping, 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 Aquarius (formerly “STH Kure”), 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 the same wholly-owned subsidiary, it entered into a time charter contract with Engelhart CTP Freight (Switzerland) SA, at a gross charter rate of US$14,200 per day, minus a 5% commission paid to third parties, for a period until minimum January 10, 2024 up to maximum March 25, 2024. The charter is expected to commence on February 1, 2023.

The employment of “DSI Aquarius” is anticipated to generate approximately US$4.81 million of gross revenue for the minimum scheduled period of the time charter.