Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Semirio with Solebay and for m/v DSI Aquila with Western Bulk

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today 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$16,650 minus a 5% commission paid to third parties, for a period until minimum February 15, 2026 up to maximum April 15, 2026. The new charter period is expected to commence on February 4, 2025. The m/v Semirio is currently chartered, as previously announced, at a gross charter rate of US$14,150 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.
The Company also announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Western Bulk Carriers AS, for one of its Ultramax dry bulk vessels, the m/v DSI Aquila. The gross charter rate is US$12,250 per day, minus a 5% commission paid to third parties, for a period of minimum five (5) months to about seven (7) months. The new charter period is expected to commence on January 23, 2025. The m/v DSI Aquila is currently chartered, as previously announced, at a gross charter rate of US$12,500 per day, minus a 5.00% commission paid to third parties.
The “DSI Aquila” is a 60,309 dwt Ultramax dry bulk vessel built in 2015.
The employment extensions of “Semirio” and “DSI Aquila” are anticipated to generate a total of approximately US$7.52 million of gross revenue for the minimum scheduled period of the time charters.
Diana Shipping Inc.’s fleet currently consists of 38 dry bulk vessels: 4 Newcastlemax, 8 Capesize, 5 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 second half of 2027 and the first half of 2028, respectively.
Source: Diana Shipping Inc.