Diana Shipping Inc. has renewed and extended time charter contracts for two of its dry bulk vessels, strengthening its fleet employment coverage.
Diana Shipping Inc. have announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$21 650 minus a 5% commission paid to third parties, for a period until minimum January 31, 2027 up to maximum April 15, 2027. The new charter period is expected to commence on March 15, 2026. The m/v Semirio is currently chartered, as previously announced, at a gross charter rate of US$16 650 per day, minus a 5.00% commission paid to third parties.
The 'Semirio' is an 174 261 dwt Capesize dry bulk vessel built in 2007.
Diana Shipping Inc. also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CRC Shipping Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is US$11 750, minus a 5% commission paid to third parties, for a period until minimum October 20, 2026 up to maximum December 20, 2026. The new charter period is expected to commence on November 2, 2025. The m/v Maera is currently chartered, as previously announced, to China Resource Chartering Limited, Hong Kong, at a gross charter rate of US$8400 per day, minus a 5% commission paid to third parties.
The 'Maera' is a 75 403 dwt Panamax bulk vessel built in 2013.
The employments of 'Semirio' and 'Maera' are anticipated to generate a total of approximately US$10.93 million of gross revenue for the minimum scheduled period of the time charters.
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