Diana Shipping locks charter deal for panamax with Stone Shipping

Greece-based and New York-listed Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with Stone Shipping Ltd, for one of its ice class panamax dry bulk vessels, the Atalandi.

Stone Shipping hired the 77,529-dwt ice class panamax dry bulk vessel built in 2014.

The vessel is chartered for a gross charter rate of $9,000 per day for the first thirty-five days of the charter period and $10,100 per day for the balance period of the time charter, in each case minus a 5.00% commission paid to third parties, for a period until minimum June 15, 2026 up to maximum August 15, 2026.

The charter is expected to start on June 9.

The employment of Atalandi is anticipated to generate around $3.62m of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 37 dry bulk vessels (4 newcastlemax, 8 capesize, 4 post-panamax, 6 kamsarmax, 6 panamax and 9 ultramax).

The company also expects to take delivery of two methanol dual fuel new-building kamsarmax dry bulk vessels by the