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Diana Shipping Clinches Profitable Charter Deal
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Diana Shipping Clinches Profitable Charter Deal

Diana Shipping (DSX) has released an update.

Diana Shipping Inc. has secured a new time charter contract with Bulk Trading SA for its Ultramax dry bulk vessel, the m/v DSI Phoenix, at a daily rate of $16,500 minus a 5% commission, with the charter starting on May 8, 2024, and lasting until at least August 1, 2025. The agreement is set to generate approximately $7.33 million in gross revenue for the minimum scheduled charter period. This move is part of the company’s fleet operations which, after the sale of another vessel, will consist of 38 dry bulk vessels with two more expected by 2028.

For further insights into DSX stock, check out TipRanks’ Stock Analysis page.

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