The charter rate increase is a positive signal for near-term cash flow from this vessel, but represents a small fraction of total fleet revenue. Monitor upcoming fleet utilization and charter rate trends for broader read-through on dry bulk market conditions.
Price Chart
Executive Summary
Diana Shipping announced a new time charter contract for the m/v Ismene with Paralos Shipping Pte. Ltd. at a gross rate of $15,750/day, up from the prior $11,000/day charter. The contract runs from July 5, 2026 to a minimum May 15, 2027, generating approximately $4.88 million in gross revenue over the minimum period. This is a modest positive operational update for a single vessel, but does not materially change the company's overall financial outlook.
Key Facts
- Time charter for m/v Ismene at $15,750/day gross, minus 5% commission
- Prior charter rate was $11,000/day — a 43% increase
- Minimum charter period to May 15, 2027, maximum to July 15, 2027
- Expected to generate ~$4.88 million gross revenue over minimum period
- Charter commences July 5, 2026
- Fleet stands at 36 dry bulk vessels with ~4.1 million dwt capacity
Financial Impact
Approximately $4.88 million gross revenue over minimum charter period; incremental revenue uplift of ~$1.7 million vs. prior charter rate over same minimum period
Risk Factors
- Charter market volatility could impact future vessel employment
- Single-vessel contract has limited impact on overall financials
- Forward-looking statements subject to market and operational risks
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000919574-26-004091 |
| Document: p15007372_6k.htm | 0000919574-26-004091 |
| Document: 0000919574-26-004091-index-headers.html | 0000919574-26-004091 |
| Document: 0000919574-26-004091-index.html | 0000919574-26-004091 |
| Document: 0000919574-26-004091.txt | 0000919574-26-004091 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | SC 13D/A | $2.51 | awaiting T+60 | — | $2.54 (+1.20%) |
Oct 8, 2026 18d ago | 6-K | $2.82 | awaiting T+60 | — | $2.54 (−9.93%) |
Sep 22, 2026 4w ago | 6-K | $2.92 | awaiting T+60 | — | $2.54 (−13.01%) |
Sep 21, 2026 5w ago | Press Release | $2.97 | awaiting T+60 | — | $2.54 (−14.48%) |
Sep 16, 2026 5w ago | 6-K | $3.07 | awaiting T+60 | — | $2.54 (−17.26%) |
Sep 16, 2026 5w ago | Press Release | $2.99 | awaiting T+60 | — | $2.54 (−15.05%) |
Aug 24, 2026 9w ago | Press Release | $2.70 | awaiting T+60 | — | $2.54 (−5.93%) |
Aug 14, 2026 10w ago | 6-K | $2.66 | awaiting T+60 | — | $2.54 (−4.51%) |
Aug 14, 2026 10w ago | Press Release | $2.66 | awaiting T+60 | — | $2.54 (+4.51%) |
Aug 11, 2026 10w ago | 6-K | $2.38 | awaiting T+60 | — | $2.54 (+6.72%) |
US Market Status
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