The gross charter rate is US$13 500 per day, minus a 5% commission paid to third parties, for a period until minimum 20 February 2025 and up to maximum 20 April 2025. The charter is expected to commence on 24 November 2023.

The DSI Andromeda is a 60 309 DWT ultramax dry bulk vessel built in 2016.

The employment of DSI Andromeda is anticipated to generate approximately US$6.03 million of gross revenue for the minimum scheduled period of the time charter.

Upon the completion of the previously announced sale of m/v Boston, Diana Shipping Inc.’s fleet will consist of 40 dry bulk vessels: four newcastlemax, nine capesize, five post-panamax, six kamsarmax, seven panamax and nine ultramax. The combined carrying capacity of the company’s fleet is approximately 4.7 million DWT with a weighted average age of 10.63 years.


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