GlobeNewswire·Jul 7, 2026, 9:20 AM ET

Diana Shipping Inc. Announces Time Charter Contract for m/v Medusa with Aquavita

Diana Shipping Inc. entered a time charter with Aquavita International S.A. for its Kamsarmax vessel m/v Medusa via a wholly-owned subsidiary.
The gross charter rate is set at US$16,850 per day, minus a 4.75% commission paid to third parties.
The charter period runs from a minimum of October 5, 2027, to a maximum of December 20, 2027, with an expected commencement on July 10, 2026.
The m/v Medusa, built in 2010 with an 82,194 dwt capacity, is currently chartered to Cargill International S.A. at US$13,000 per day gross.
Employment of the Medusa under the new charter is expected to generate approximately US$7.50 million in gross revenue for the minimum scheduled period.
Diana Shipping Inc.'s fleet currently comprises 36 dry bulk vessels with a combined carrying capacity of approximately 4.1 million dwt \& a weighted average age of 12.62 years.
The company expects to take delivery of two new methanol dual-fuel Kamsarmax vessels in the second half of 2027 \& the first half of 2028.
Forward-looking statements regarding future operations, market conditions, \& risks such as geopolitical conflicts \& regulatory changes are included in the release.