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Diana Shipping Secures New Charter Contract for M/V New York
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Diana Shipping Secures New Charter Contract for M/V New York

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Diana Shipping ( (DSX) ) just unveiled an announcement.

Diana Shipping has announced a new time charter contract for its Capesize vessel, M/V New York, with SwissMarine Pte. Ltd. The contract, beginning on January 12, 2025, includes a gross charter rate of $6,300 per day for the initial trip and $17,600 for the remaining period, anticipated to generate about $6.03 million in revenue for the minimum charter period. This move could enhance Diana Shipping’s operational revenue and reflects its strategic industry positioning with a diverse fleet of 38 dry bulk vessels, including future methanol dual fuel vessels.

More about Diana Shipping

Diana Shipping Inc. is a global provider specializing in shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The company’s fleet is employed primarily on short to medium-term time charters, transporting a variety of dry bulk cargoes such as iron ore, coal, and grain along worldwide shipping routes.

YTD Price Performance: -5.10%

Average Trading Volume: 722,556

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $232.8M

Learn more about DSX stock on TipRanks’ Stock Analysis page.

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