tiprankstipranks
Diana Shipping Secures Lucrative Charter Contract
Company Announcements

Diana Shipping Secures Lucrative Charter Contract

Diana Shipping (DSX) has released an update.

Stay Ahead of the Market:

Diana Shipping Inc. has secured a new time charter contract for its Kamsarmax dry bulk vessel, m/v Astarte, with Paralos Shipping Pte., Ltd., starting August 18, 2024. The contract, at a daily rate of US$14,000 minus a 5% commission, will last until at least July 15, 2025, and could extend to September 15, 2025, expected to generate around US$4.58 million in gross revenue. This move is part of Diana Shipping’s ongoing fleet operations, which, post the sale of m/v Houston, will include 38 dry bulk vessels and expects to expand with new-building ships by 2028.

For further insights into DSX stock, check out TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App