ATHENS, Greece, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), 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 Oldendorff Carriers GmbH & Co. KG, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is US$14,000, minus a 5.00% commission paid to third parties, for a period until minimum April 10, 2026 up to maximum June 10, 2026. The charter is expected to commence on August 17, 2025.
Related Questions
How does the $14,000 gross charter rate compare to the current market rates for similar Post‑Panamax dry‑bulk vessels?
What is the net effective rate after the 5% commission and how does it affect the vessel's profitability?
What is the size (DWT) and fuel efficiency of m/v Polymnia, and how do these factors influence earnings?
What is the expected utilization rate and cargo volume for the charter period (August 2025‑June 2026)?
How does the length of the charter (≈10 months) impact the company's cash flow and debt service coverage?
What are the credit and payment terms with Oldendorff Carriers – are there any performance guarantees or penalties?
How does this charter contribute to DSX’s overall fleet utilization and EBITDA guidance for 2025‑2026?
What are the risks if the charter does not start on August 17, 2025 (e.g., vessel readiness, regulatory approvals)?
How does this time charter affect the company’s net debt to EBITDA ratio and other leverage metrics?
What is the impact on the company’s dividend policy or share repurchase program given the new contract?