Business UpdateJul 20, 2026, 08:36 AM
Diana Shipping Secures New Charter for DSI Pegasus at $18,350/day
AI Summary
Diana Shipping Inc. announced a new time charter contract for its Ultramax dry bulk vessel, m/v DSI Pegasus, with Fednav International Ltd. The new gross charter rate is US$18,350 per day, a significant increase from the previous rate of US$14,250 per day. The charter is expected to commence on July 27, 2026, and run until at least August 15, 2027, generating approximately US$6.95 million in gross revenue. The company's fleet currently comprises 36 dry bulk vessels, with two additional new-building Kamsarmax vessels expected for delivery by the first half of 2028.
Key Highlights
- New time charter contract secured for m/v DSI Pegasus with Fednav International Ltd.
- Gross charter rate for DSI Pegasus is US$18,350 per day, minus 5.00% commission.
- Charter period is until minimum August 15, 2027, up to maximum October 15, 2027.
- Expected gross revenue from the charter is approximately US$6.95 million.
- Previous charter rate for DSI Pegasus was US$14,250 per day.
- Diana Shipping's fleet consists of 36 dry bulk vessels.
- Company expects delivery of two new-building Kamsarmax vessels by H2 2027 and H1 2028.
Price Impact
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