Diana Shipping announces time charter contract for m/v DSI Aquila

Diana Shipping (DSX) announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bunge SA, Geneva, for one of its Ultramax dry bulk vessels, the m/v DSI Aquila. The gross charter rate is $14,500, minus a 5.00% commission paid to third parties, for a period until minimum February 25, 2027 up to maximum April 25, 2027. The charter is expected to commence on October 12, 2025. The m/v DSI Aquila was chartered, as previously announced, to Western Bulk Carriers AS, at a gross charter rate of US$12,250 per day, minus a 5.00% commission paid to third parties. The “DSI Aquila” is a 60,309 dwt Ultramax bulk vessel built in 2015. The employment of “DSI Aquila” is anticipated to generate approximately $7.15 million of gross revenue for the minimum scheduled period of the time charter.