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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 MOL Ocean Bulk Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles. The gross charter rate is US$24,000, minus a 5.00% commission paid to third parties, for a period until minimum September 10, 2026 up to maximum November 1, 2026. The charter commenced on November 1, 2025.
The "Los Angeles" is a 206,104 dwt Newcastlemax bulk vessel built in 2012.
The Company also announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Bunge SA, Geneva, for one of its Ultramax dry bulk vessels, the m/v DSI Aquarius. The gross charter rate is US$14,500, minus a 5.00% commission paid to third parties, for a period until minimum November 1, 2026 up to maximum December 31, 2026. The new charter period is expected to commence on November 8, 2025.
The "DSI Aquarius" is a 60,309 dwt Ultramax bulk vessel built in 2016.
The employments of "Los Angeles" and "DSI Aquarius" are anticipated to generate a total of approximately US$12.55 million of gross revenue for the minimum scheduled period of the time charters.
Posted In: DSX
