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Diana Shipping Inc. Announces Time Charter Contract for m/v Florida with NYK

  • Diana Shipping Inc. entered a time charter contract for its Capesize vessel, the m/v Florida, with Nippon Yusen Kabushiki Kaisha through a wholly-owned subsidiary.
  • The new charter rate is set at US$30,500 per day gross, minus a 5.00% third-party commission.
  • The contract duration ranges from a minimum of 32 months to a maximum of 35.5 months, expected to commence in the second quarter of 2027.
  • The m/v Florida, a 182,063 dwt vessel built in 2022, is currently chartered to Bunge S.A. at US$25,900 per day gross.
  • The new employment is projected to generate approximately US$29.28 million in gross revenue over the minimum charter period.
  • Diana Shipping Inc.'s current fleet consists of 36 dry bulk vessels with a combined carrying capacity of approximately 4.1 million dwt \& a weighted average age of 12.70 years.
  • The company anticipates taking delivery of two new methanol dual fuel Kamsarmax vessels in the second half of 2027 \& the first half of 2028.
  • The press release includes forward-looking statements regarding future operations, market conditions, \& potential risks.