Diana Shipping Announces New Charter for DSI Polaris
Diana Shipping Inc., a global shipping company listed on the NYSE as DSX, has secured a new time charter agreement for its Ultramax vessel DSI Polaris. The 60,404-dwt ship will be chartered to Dai An Ocean Shipping at a rate of $18,000 per day, netting approximately $17,100 after deducting a 5% third-party commission. The charter is set for an initial period through May 1, 2028, with the option extending up to June 30, 2028. This agreement reflects ongoing demand in dry bulk shipping and provides stable revenue visibility for Diana Shipping over nearly four years ahead of potential market fluctuations. The deal underscores strong vessel utilization within the sector and supports Diana's financial stability during a period where charter rates have been volatile due to global supply chain dynamics.
Topics: charter agreement shipping vessel contract