The 36% rate increase on this single vessel is a positive read-through for Diana's fleet re-chartering trajectory. Monitor upcoming charter renewals for other Kamsarmax and Panamax vessels to gauge whether the broader dry bulk market is firming. The two methanol dual-fuel newbuilds scheduled for 2027-2028 add a long-term fleet modernization angle.
Price Chart
Executive Summary
Diana Shipping announced a time charter contract for the m/v Astarte with Aquavita International S.A. at a gross rate of $17,000/day, up from the prior $12,500/day charter. The new charter runs from September 20, 2026, through a minimum of September 1, 2027, and is expected to generate approximately $5.81 million in gross revenue over the minimum period, representing a meaningful rate improvement for this vessel.
Key Facts
- Time charter for m/v Astarte (81,513 dwt Kamsarmax, built 2013) with Aquavita International S.A.
- Gross charter rate: $17,000/day minus 4.75% commission (net ~$16,192.50/day)
- Prior charter rate for same vessel: $12,500/day minus 5.00% commission (net ~$11,875/day)
- New charter period: minimum September 1, 2027 to maximum November 15, 2027; expected to commence September 20, 2026
- Anticipated gross revenue of approximately $5.81 million for the minimum scheduled period
- Fleet currently consists of 36 dry bulk vessels with combined capacity of ~4.1 million dwt
Financial Impact
Approximately $5.81 million gross revenue from the minimum charter period; the daily rate increase of $4,500/day (36% improvement over prior charter) adds roughly $1.5 million in incremental gross revenue over the minimum period vs the prior rate.
Risk Factors
- Charter market volatility could reverse the rate improvement before the vessel begins its new charter
- Counterparty risk with Aquavita International S.A. (no public credit information provided)
- The $5.81 million revenue figure is for the minimum period only; actual revenue depends on charter duration up to November 2027
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000919574-26-006347 |
| Document: p15082423_6-k.htm | 0000919574-26-006347 |
| Document: 0000919574-26-006347-index-headers.html | 0000919574-26-006347 |
| Document: 0000919574-26-006347-index.html | 0000919574-26-006347 |
| Document: 0000919574-26-006347.txt | 0000919574-26-006347 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | SC 13D/A | $2.51 | awaiting T+60 | — | $2.51 (−0.00%) |
Oct 8, 2026 19d ago | 6-K | $2.82 | awaiting T+60 | — | $2.51 (−10.99%) |
Sep 22, 2026 5w ago | 6-K | $2.92 | awaiting T+60 | — | $2.51 (−14.04%) |
Sep 21, 2026 5w ago | Press Release | $2.97 | awaiting T+60 | — | $2.51 (−15.49%) |
Sep 16, 2026 5w ago | 6-K | $3.07 | awaiting T+60 | — | $2.51 (−18.24%) |
Sep 16, 2026 5w ago | Press Release | $2.99 | awaiting T+60 | — | $2.51 (−16.05%) |
Aug 24, 2026 9w ago | Press Release | $2.70 | awaiting T+60 | — | $2.51 (−7.04%) |
Aug 14, 2026 10w ago | 6-K | $2.66 | awaiting T+60 | — | $2.51 (−5.64%) |
Aug 14, 2026 10w ago | Press Release | $2.66 | awaiting T+60 | — | $2.51 (+5.64%) |
Aug 11, 2026 11w ago | 6-K | $2.38 | awaiting T+60 | — | $2.51 (+5.46%) |
US Market Status
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