Diana Shipping Inc. entered into a new time‑charter for its 82,193‑dwt Kamsarmax dry‑bulk vessel m/v Maia with Singapore‑based Paralos Shipping Pte. Ltd. The charter, effective January 13 2026, pays a gross rate of $14,000 per day, less a 5 % commission to third parties, and runs until a maximum of September 5 2027, with a minimum scheduled period beginning July 5 2027.
The new agreement replaces Maia’s previous charter, which paid $11,600 per day (minus 5 % commission). The $2,400 daily premium translates into an estimated $7.45 million in gross revenue over the minimum scheduled period, underscoring the strategic value of securing higher‑paying, long‑term contracts for the company’s fleet.
Diana Shipping’s fleet currently consists of 36 dry‑bulk vessels, and the company is advancing a modernization program that will deliver two methanol‑dual‑fuel Kamsarmax vessels by the second half of 2027 and the first half of 2028. The Maia charter fits within the broader strategy of locking in medium‑to‑long‑term charters that provide predictable cash flow and support the company’s transition to a more environmentally‑friendly fleet.
The charter adds a stable, long‑term income stream that complements Diana Shipping’s recent financial performance. In Q3 2025 the company reported an earnings‑per‑share beat, while revenue fell short of expectations, reflecting broader market softness. The higher daily rate on Maia helps offset revenue pressure and strengthens the company’s cash‑flow profile as it navigates a challenging dry‑bulk environment.
Investors responded positively to the announcement, reflecting confidence in Diana Shipping’s disciplined chartering approach and its ongoing fleet‑modernization plans. The company’s focus on securing medium‑to‑long‑term charters continues to underpin its revenue stability and strategic growth trajectory.
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