Diana Shipping Inc. announced on 2025-10-16 that, through a wholly‑owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd. for its Capesize dry bulk vessel m/v New Orleans. The charter sets a gross rate of US$26,000 per day, with a 5.00% commission to third parties, and covers a period from a minimum start date of December 1, 2026 to a maximum end date of February 15, 2027, with the vessel expected to commence service on October 28, 2025.
The contract is projected to generate approximately US$10.22 million in gross revenue for the minimum scheduled period, reflecting the vessel’s 180,960 dwt capacity and the company’s focus on securing medium‑ to long‑term charters. The $26,000 daily rate represents a premium over recent Capesize rates, reinforcing the company’s disciplined chartering strategy and providing a stable cash‑flow contribution for the upcoming year.
Diana Shipping’s fleet currently consists of 36 dry bulk vessels, including 8 Capesize units. The addition of the New Orleans charter expands the company’s Capesize footprint and aligns with its broader objective of maintaining high fleet utilization while diversifying charter agreements. This new contract strengthens the company’s revenue base and supports its ongoing efforts to generate positive operating cash flow and maintain a robust balance sheet.
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