Diana Shipping Inc., (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Nippon Yusen Kabushiki Kaisha (NYK), for one of its Kamsarmax dry bulk vessels, the m/v Myrto.
The gross charter rate is US$16,650 per day, minus a 5.00% commission paid to third parties, for a period until minimum September 20, 2027 up to maximum November 20, 2027. The new charter period is expected to commence on April 7, 2026. The m/v “Myrto” is currently chartered, as previously announced, at a gross charter rate of US$12,000 per day, minus a 5.00% commission paid to third parties.
The “Myrto” is an 82,131 DWT Kamsarmax dry bulk vessel built in 2013.
The employment extension of “Myrto” is anticipated to generate approximately US$8.71 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million DWT, with a weighted average age of 12.33 years.
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.