On September 30, 2025, Diana Shipping Inc. announced today that it has entered into a new time‑charter agreement for its 60,309‑dwt Ultramax vessel m/v DSI Aquila with Bunge SA, Geneva. The contract is executed through a wholly‑owned subsidiary and will commence on October 12, 2025.
The charter terms specify a gross rate of US$14,500 per day, with a 5.00% commission paid to third parties. The agreement covers a minimum period ending February 25, 2027, with an optional extension to April 25, 2027. The vessel will generate an estimated US$7.15 million in gross revenue over the minimum scheduled period.
Previously, m/v DSI Aquila was chartered to Western Bulk Carriers AS at a gross rate of US$12,250 per day. The new Bunge charter represents a rate increase of US$2,250 per day, translating into a significant uplift in the vessel’s contribution to the company’s charter income. This contract adds a high‑value, long‑term revenue stream to Diana Shipping’s portfolio and strengthens its relationship with a major bulk‑shipping client.
With a fleet of 36 dry‑bulk vessels, the addition of the Bunge charter enhances Diana Shipping’s overall chartering mix and supports the company’s disciplined strategy of securing medium‑ to long‑term time‑charter agreements. The new contract aligns with the company’s focus on predictable cash flows and reinforces its position in the competitive dry‑bulk market.
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