Business UpdateJul 27, 2026, 08:23 AM
Diana Shipping Secures New Charter for m/v Philadelphia at $35,500/day
AI Summary
Diana Shipping Inc. announced a new time charter contract for its Newcastlemax dry bulk vessel, m/v Philadelphia, with Classic Maritime Inc. The new gross charter rate is US$35,500 per day, a significant increase from the previous US$21,500 per day. The charter is expected to commence on August 8, 2026, and generate approximately US$7.46 million in gross revenue for the minimum scheduled period. The company's fleet currently comprises 36 dry bulk vessels, with two new methanol dual fuel Kamsarmax vessels expected for delivery by the first half of 2028.
Key Highlights
- Secured a time charter contract for m/v Philadelphia with Classic Maritime Inc.
- Gross charter rate set at US$35,500 per day, minus a 5.00% commission.
- Charter period from August 8, 2026, until minimum March 10, 2027, up to maximum May 10, 2027.
- Anticipated to generate approximately US$7.46 million in gross revenue for the minimum period.
- Previous charter rate for m/v Philadelphia was US$21,500 per day.
- Fleet consists of 36 dry bulk vessels with a combined carrying capacity of 4.1 million dwt.
- Two methanol dual fuel new-building Kamsarmax vessels expected by H2 2027 and H1 2028.
Price Impact
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