Research Reports

Key takeaways

Time charter for m/v New York at $27,500/day with Refined Success, up from $17,600/day, starting May 1, 2026.

Time charter for m/v DSI Pyxis at $16,000/day with Oldendorff, up from $13,100/day, starting May 3, 2026.

Combined charters expected to generate ~$23.76 million gross revenue over minimum period.

Fleet consists of 36 dry bulk vessels with combined capacity of ~4.1 million dwt.

Two methanol dual fuel new-building Kamsarmax vessels expected by second half 2027 and first half 2028.

Full analysis

Diana Shipping Inc. announced two new time charter contracts that significantly increase charter rates compared to previous contracts. The m/v New York, a Capesize vessel, will earn $27,500 per day, up from $17,600 per day, reflecting improved market conditions for larger dry bulk vessels. The m/v DSI Pyxis, an Ultramax, will earn $16,000 per day, up from $13,100 per day. These contracts lock in revenue for periods extending into 2027-2028, providing cash flow visibility. The company also noted its fleet expansion with two methanol dual fuel newbuildings on order, signaling a commitment to environmental sustainability. The charters are expected to generate approximately $23.76 million in gross revenue over the minimum scheduled period, enhancing the company's financial position.

DSX-PB · Diana Shipping Inc.

Summary

Key takeaways

Full analysis