Diana Shipping signs new time charter

* Diana Shipping (DSX [https://seekingalpha.com/symbol/DSX]) said on Monday it has signed a time charter contract with Denmark’s Dampskibsselskabet Norden A/S for its 2015-built Capesize dry bulk vessel Santa Barbara.
* The charter rate is $25,500 per day, less a 5% commission, for a period running from at least March 1, 2027 to as late as April 30, 2027.
* The new charter is expected to begin on November 29, 2025, following the vessel’s current employment with Mitsui O.S.K. Lines at $22,000 per day.
* Diana Shipping said the new contract is expected to generate about $11.5 million in gross revenue over the minimum period.
* The Athens-based company’s fleet consists of 36 dry bulk vessels with a combined carrying capacity of about 4.1 million deadweight tons.
* DSX +0.58% premarket to $1.71.
* Source: Press Release [https://seekingalpha.com/pr/20300746-diana-shipping-inc-announces-time-charter-contract-for-m-v-santa-barbara-with-norden]

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* Diana Shipping enters charter contract for m/v DSI Aquila [https://seekingalpha.com/news/4499857-diana-shipping-enters-charter-contract-for-mv-dsi-aquila]
* Seeking Alpha’s Quant Rating on Diana Shipping [https://seekingalpha.com/symbol/DSX/ratings/quant-ratings]
* Historical earnings data for Diana Shipping [https://seekingalpha.com/symbol/DSX/earnings]