ATHENS, GREECE, March 21, 2022 – 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 Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Artemis. The gross charter rate is US$21,250 per day, minus a 4.75% commission paid to third parties, for a period until minimum June 20,...
OceanPal Inc. Announces Cancellation of Time Charter Contract and New Short Term Contract for m/v Calipso
ATHENS, GREECE, February 18, 2022 – OceanPal Inc. (NASDAQ: OP) (the “Company”), a global shipping company specializing in the ownership of vessels, today announced the cancellation of the time charter contract with Crystal Sea Shipping Co., Limited for its Panamax dry bulk vessel, the m/v Calipso, as announced on February 11, 2022. Charterers have exercised their right to cancel the time...
Diana Shipping Inc. Announces Time Charter Contract for m/v Phaidra with Uniper
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ATHENS, GREECE, August 30, 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 Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is US$28,000...
Diana Shipping Inc. Announces Time Charter Contract for m/v Selina with ASL..
ATHENS, GREECE, August 26, 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 ASL Bulk Shipping HK Limited, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$26,500 per day, minus a 5%...
Lean Marine and Smart Green Shipping to explore maximizing the power of wind-assisted propulsion
HYD Panamax with wing sails
Lean Marine and Smart Green Shipping will join forces to discuss the methods and technologies required for maximizing the power of wind-assisted propulsion during a co-hosted virtual seminar on March 23.
GOTHENBURG, SWEDEN – MARCH 11, 2021: Sincecoming under increasing pressure to decarbonize, by both its international regulator and its climate-conscious customers, the...
Diana Shipping Inc. Announces Time Charter Contract for m/v Ismene
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ATHENS, GREECE, February 26, 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 Tongli Shipping Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$16,500 per day, minus a 5% commission...
Diana Shipping Inc. Announces Time Charter Contract for m/v Protefs
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ATHENS, GREECE, February 9, 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 Reachy International (HK) Co., Limited, for one of its Panamax dry bulk vessels, the m/v Protefs. The gross charter rate is US$10,650 per day, minus a 5%...
In a major development, SPDB Financial Leasing, the leasing unit of Shanghai Pudong Development Bank, has announced that they have entered into shipbuilding contracts with Cosco Shipping Heavy Industry for the construction of six 82,000 dwt panamax bulkers, reports Jason Jiang for Splash247.
All the vessels will be built at Nantong Cosco KHI Ship Engineering (NACKS) and deliveries will start from 2022.
The order follows SPDB Financial Leasing ordering four 61,000 dwt bulkers at NACKS for a...
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...