Diana Shipping announces time charter contract for m/v New York

Diana Shipping (DSX) announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Singapore, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is $6,300 per day for the first trip of the charter period and $17,600 per day for the balance period of the time charter, in each case minus a 5.00% commission paid to third parties, for a period until minimum January 15, 2026 up to maximum March 30, 2026. The charter is expected to commence on January 12, 2025. The “New York” is a 177,773 dwt Capesize dry bulk vessel built in 2010. The employment of “New York” is anticipated to generate approximately $6.03 million of gross revenue for the minimum scheduled period of the time charter.