Diana Shipping Inc. announces time charter contract for m/v Philadelphia with Classic Maritime

The gross charter rate is US$35 500 per day, minus a 5.00% commission paid to third parties, for a period until minimum March 10, 2027 up to maximum May 10, 2027. The charter is expected to commence on August 8, 2026. The m/v Philadelphia is currently chartered, as previously announced, to Refined Success Limited, at a gross charter rate of US$21 500 per day, minus a 5.00% commission paid to third parties.

The “Philadelphia” is a 206 040 dwt Newcastlemax dry bulk vessel built in 2012.

The employment of “Philadelphia” is anticipated to generate a total of approximately US$7.46 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 12.67 years.

Read the article online at: https://www.drybulkmagazine.com/shipping/30072026/diana-shipping-inc-announces-time-charter-contract-for-mv-philadelphia-with-classic-maritime/