Diana Shipping secures new charter for New Orleans vessel at increased rate

Diana Shipping Inc. announced a new time charter contract for its m/v New Orleans with SwissMarine Pte. Ltd. The Capesize dry bulk vessel, built in 2015, will operate at a gross charter rate of $26,000, minus a 5.00% commission, from an expected commencement date of October 28, 2025. This contract will run until at least December 1, 2026, and up to February 15, 2027, and is projected to generate approximately $10.22 million in gross revenue for the minimum scheduled period. The m/v New Orleans was previously chartered to Kawasaki Kisen Kaisha, Ltd. at a lower gross rate of $20,000 per day.

The company's fleet currently comprises 36 dry bulk vessels, including 8 Capesize, with a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 11.89 years. Diana Shipping Inc. also anticipates the delivery of two methanol dual-fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028. The company specializes in ownership and bareboat charter-in of dry bulk vessels, employing them primarily on short to medium-term time charters to transport commodities globally.