Diana Shipping Inc. announced two new time‑charter agreements for its m/v New York, a 177,773‑deadweight‑ton Capesize vessel, and m/v DSI Pyxis, a 60,362‑deadweight‑ton Ultramax vessel. The New York charter is with Refined Success Limited at a gross rate of $27,500 per day, less a 5% commission, and will run from May 1, 2026 through March 31, 2028. The DSI Pyxis charter is with Oldendorff GmbH & Co. KG at a gross rate of $16,000 per day, also less a 5% commission, and will run from May 3, 2026 through August 15, 2027.
The two agreements are expected to generate $23.76 million in gross revenue over their minimum periods, a substantial increase over the vessels’ current rates of $17,600 and $13,100 per day, respectively. The higher rates reflect a strong demand environment for dry‑bulk capacity and give Diana Shipping a pricing advantage that should improve its profitability.
Diana Shipping’s fleet of 36 dry‑bulk vessels is already among the youngest in the sector, with a weighted average age of 12.43 years. The company plans to add two methanol‑dual‑fuel Kamsarmax vessels in the second half of 2027 and the first half of 2028, positioning it for lower emissions and higher efficiency. In parallel, the company is pursuing an acquisition of Genco Shipping & Trading Limited, a move that would expand its market reach and add complementary assets.
The charter announcements were welcomed by investors and analysts, who noted the company’s ability to secure premium rates and its continued focus on fleet renewal. The agreements reinforce Diana Shipping’s competitive position in the dry‑bulk market and support its strategy of balancing high‑yield charters with long‑term fleet growth.
Overall, the new charters represent a significant revenue boost and a clear signal of Diana Shipping’s strong market standing, while the company’s ongoing modernization and acquisition pursuits underscore its commitment to long‑term growth.
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