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Diana Shipping Inc. announces time charter contract for ultramax vessel with Stone Shipping

Published by , Editorial Assistant
Dry Bulk,


Diana Shipping Inc., a global shipping company specialising in the ownership and bareboat charter-in of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Stone Shipping Ltd, for one of its Ultramax dry bulk vessels, the m/v DSI Pyxis. The gross charter rate is US$13 100 per day, minus a 5.00% commission paid to third parties, for a period until minimum 20 February 2026 up to maximum 20 April 2026.

Diana Shipping Inc. announces time charter contract for ultramax vessel with Stone Shipping

The DSI Pyxis is a 60 362 dwt Ultramax dry bulk vessel built in 2018.

The employment of DSI Pyxis is anticipated to generate approximately US$6.05 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s fleet currently consists of 38 dry bulk vessels: 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax. The Company also expects to take delivery of two methanol dual fuel newbuilding Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. The combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is now approximately 4.2 million dwt with a weighted average age of 11.11 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/11112024/diana-shipping-inc-announces-time-charter-contract-for-ultramax-vessel-with-stone-shipping/

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Dry bulk shipping market