Diana Shipping Inc. Announces Time Charter Contract for m/v Boston with C Transport..
ATHENS, GREECE, June 10, 2021 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v Boston.
Namura and NS United Kaiun in project to develop wind-assisted Capesize
London 4 June 2021: Japan-based shipbuilder Namura Shipbuilding Co., Ltd. (Osaka, President; Kensuke Namura) and operator NS United Kaiun Kaisha, Ltd (Tokyo, President and Representative Director; Kazuo Tanimizu) have partnered in a joint research project aimed at developing a wind-powered system for a 183,000dwt Capesize bulk carrier.
International ambitions to reduce greenhouse gases (GHG) so as to mitigate climate change...
Capesize dry bulk earnings break record on the back of strong 2021-start
Peter Sand
As daily earnings for the largest of the dry bulk ship types – capesize – reached USD 28,520 on Friday 16 April, a ten-year-high was attained. However, whereas Fridays’ daily average time charter equivalent earnings (TCE) are seasonally strong, they are not special by their own merit.
Only when seen as a part of the overall elevated freight rate levels so far in 2021, currently at a daily year-to-date average of...
If loading grains on big Capesize ships was unusual, shipping wooden logs on these huge bulkers is an exceptional move by traders to keep freight costs under check.
The source added that Capesize ships are restricted by the cubic capacity of its cargo-holds, especially for log stems.
Some physical restrictions are not limited to just the loading and discharging port facilities, but also possible cargo and hold damages by taking on this business.
BIMCO’s SNOW: 1,427 Capesize journeys in the first twenty days of the year
Peter Sand
The strong start to the year for Capesize ships has also been reflected in earnings, which, after high volatility in 2019 and 2020, have averaged USD 22,015 per day since the start of the year, comfortably above the USD 15,300 per day needed for an average Capesize ship to break even. Rates peaked at USD 26,489 per day on 13 January and now stand at USD 24,148 per day (19 January).
Diana Shipping Inc. Announces Time Charter Contract for m/v Semirio with SwissMarine..
ATHENS, GREECE, December 24, 2020 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$13,500 per...
Diana Shipping Inc. announces Time Charter Contract for m/v New Orleans with NYK Line
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ATHENS, GREECE, December 7, 2020 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is US$15,500 per...
Rates may have climbed out of the abyss, but challenges remain in place for the autumn
Demand drivers and freight rates
Earnings for Capesize vessels have continued their rollercoaster ride, reaching their highest level since the end of 2013, at USD 36,101 per day on 2 September 2019. Between 2 April, the low point of the year so far, and 2 September rates have risen 943%, into solid profit-making territory.
The strong increase in Capesize and Panamax earnings reflects a...