Diana Shipping fixes Newcastlemax Philadelphia on higher-rate charter with Classic Maritime

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2▲1 ▼0Impact / 5
Summary · why it matters

Diana Shipping Inc. has entered into a time charter contract with Classic Maritime Inc. for its Newcastlemax dry bulk vessel m/v Philadelphia at a gross rate of US$35,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum March 10, 2027 up to maximum May 10, 2027. The charter is expected to commence on August 8, 2026, replacing the vessel's current charter with Refined Success Limited at US$21,500 per day. The employment is anticipated to generate approximately US$7.46 million of gross revenue for the minimum scheduled period. The 206,040 dwt vessel was built in 2012 and is one of four Newcastlemax vessels in Diana Shipping's fleet of 36 dry bulk vessels, which has a combined carrying capacity of approximately 4.1 million dwt.

Impact on assets 1

Industrials▲ · 1 stocks
Diana Shipping Inc.
DSX
▲ PositiveDemandrelevance

Diana Shipping fixes Newcastlemax Philadelphia on a higher-rate time charter with Classic Maritime at $35,500/day, replacing a $21,500/day charter and generating ~$7.46M gross revenue.

Off-coverage companies 2

Classic MaritimePrivate▲ Positive
Demandrelevance

Classic Maritime charters a vessel at a higher rate, indicating demand for dry bulk shipping.

Refined Success LimitedPrivate± Mixed
relevance

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