Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels,announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Louis Dreyfus Company Freight Asia Pte. Ltd., for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$13,900, minus a 5% commission paid to third parties, for a period of minimum twenty-one (21) months to maximum twenty-five (25) months. The charter is expected to commence during the second quarter of 2024.
The “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014.
The employment of “Crystalia” is anticipated to generate approximately US$8.76 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sales of m/v Houston and m/v Artemis, Diana Shipping Inc.’s fleet will consist 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 including the m/v Houston and m/v Artemis and excluding the two vessels not yet delivered, is approximately 4.5 million dwt with a weighted average age of 10.69 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.
