The higher charter rate signals improved market conditions for dry bulk vessels. Monitor Diana Shipping's upcoming quarterly earnings for fleet-wide utilization and rate trends, as well as impact on cash flow and dividend potential.
Price Chart
Executive Summary
Diana Shipping extended the time charter for m/v Polymnia at $20,000/day (up from $14,000/day), generating ~$5.36M gross revenue over the minimum period to March 2027. This represents a 43% rate increase, improving revenue visibility for one vessel in the 36-vessel fleet.
Key Facts
- Time charter for m/v Polymnia extended at $20,000/day gross rate, minus 5% commission.
- Previous charter rate was $14,000/day; new rate reflects ~43% increase.
- Minimum charter period until March 1, 2027; maximum until April 30, 2027.
- Expected gross revenue of approximately $5.36 million for the minimum scheduled period.
- Fleet consists of 36 dry bulk vessels with combined capacity of ~4.1 million dwt.
Financial Impact
$5.36 million gross revenue over minimum charter period
Risk Factors
- Dry bulk market volatility could reverse rate gains.
- Single vessel extension has limited impact on overall fleet revenue (~36 vessels).
- Fuel cost increases or vessel off-hire could erode net earnings.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000919574-26-003453 |
| Document: d12163108_6-k.htm | 0000919574-26-003453 |
| Document: 0000919574-26-003453-index-headers.html | 0000919574-26-003453 |
| Document: 0000919574-26-003453-index.html | 0000919574-26-003453 |
| Document: 0000919574-26-003453.txt | 0000919574-26-003453 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | SC 13D/A | $2.51 | awaiting T+60 | — | $2.52 (+0.20%) |
Oct 8, 2026 18d ago | 6-K | $2.82 | awaiting T+60 | — | $2.52 (−10.82%) |
Sep 22, 2026 5w ago | 6-K | $2.92 | awaiting T+60 | — | $2.52 (−13.87%) |
Sep 21, 2026 5w ago | Press Release | $2.97 | awaiting T+60 | — | $2.52 (−15.32%) |
Sep 16, 2026 5w ago | 6-K | $3.07 | awaiting T+60 | — | $2.52 (−18.08%) |
Sep 16, 2026 5w ago | Press Release | $2.99 | awaiting T+60 | — | $2.52 (−15.89%) |
Aug 24, 2026 9w ago | Press Release | $2.70 | awaiting T+60 | — | $2.52 (−6.85%) |
Aug 14, 2026 10w ago | 6-K | $2.66 | awaiting T+60 | — | $2.52 (−5.45%) |
Aug 14, 2026 10w ago | Press Release | $2.66 | awaiting T+60 | — | $2.52 (+5.45%) |
Aug 11, 2026 10w ago | 6-K | $2.38 | awaiting T+60 | — | $2.52 (+5.67%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers