Diana Shipping announces direct continuation of time charter contract

Diana Shipping (DSX) has extended the time charter contract with Solebay Shipping Cape Company for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is $21,650 minus a 5.00% commission paid to third parties, for a period until minimum January 31, 2027 up to maximum April 15, 2027. The new charter period is expected to commence on March 15, 2026. The m/v Semirio is currently chartered, as previously announced, at a gross charter rate of $16,650 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 it has entered into a time charter contract with CRC Shipping Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is $11,750, minus a 5.00% commission paid to third parties, for a period until minimum October 20, 2026 up to maximum December 20, 2026. The new charter period is expected to commence on November 2, 2025. The m/v Maera is currently chartered, as previously announced, to China Resource Chartering Limited, Hong Kong, at a gross charter rate of US$8,400 per day, minus a 5.00% commission paid to third parties. The “Maera” is a 75,403 dwt Panamax bulk vessel built in 2013. The employments of “Semirio” and “Maera” are anticipated to generate a total of approximately $10.93M of gross revenue for the minimum scheduled period of the time charters.