ATHENS, Greece, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the âCompanyâ), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill Ocean Transportation (Singapore) Pte. Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Pegasus. The gross charter rate is US$14,250, minus a 4.75% commission paid to third parties, for a period until minimum May 20, 2026 up to maximum July 20, 2026. The charter is expected to commence on August 15, 2025.
Related Questions
Is the timing of the charter (starting August 15, 2025) aligned with seasonal demand trends in the dry bulk market?
Will the addition of this contract affect the company's guidance for 2025â2026, and should the market adjust its price target for DSX accordingly?
What is the impact of the 4.75% thirdâparty commission on the net profitability of the charter contract?
How does this charter rate compare to the average market rates for Ultramax vessels in the current dry bulk cycle?
How will the $14,250 gross charter rate (net of commission) affect Diana Shipping's quarterly revenue and earnings forecasts?
What is the expected contribution of the DSI Pegasus time charter to the company's cash flow and EBITDA margins?
How does this charter agreement compare to recent time charter deals secured by key competitors such as Star Bulk and Pacific Basin?
What are the potential risks if the charter is terminated early or if market rates decline sharply during the contract period?
Will the charter duration (approximately 12 months) provide sufficient exposure to the anticipated peak in demand for dry bulk shipments?
How does this new contract with Cargill Ocean Transportation influence Diana Shipping's utilization rate and fleet deployment strategy?