Traders should monitor whether this rate increase reflects a broader recovery in dry bulk charter markets; follow-up charter extensions at similar or higher rates could signal sustained improvement. Also watch delivery timeline and charter coverage for the two newbuild Kamsarmax vessels.
Price Chart
Executive Summary
Diana Shipping Inc. extended the time charter for its Kamsarmax vessel m/v Myrto with Nippon Yusen Kabushiki Kaisha at a gross rate of $16,650 per day, up from $12,000, for a period until September–November 2027. The extension is expected to generate approximately $8.71 million in gross revenue over the minimum term, reflecting improved charter market conditions.
Key Financial Metrics
Key Facts
- Extended time charter for m/v Myrto at $16,650/day gross (up from $12,000/day), minus 5% commission
- Charter period: minimum September 20, 2027, up to November 20, 2027, starting April 7, 2026
- Expected to generate ~$8.71 million in gross revenue over minimum term
- Vessel is a 82,131 dwt Kamsarmax built in 2013
- Fleet remains at 36 dry bulk vessels with ~4.1 million dwt capacity (excluding two upcoming methanol dual-fuel newbuilds)
Financial Impact
$8.71 million in gross revenue over ~17.5 months (April 2026–September 2027), representing a 38.75% increase in daily charter rate
Risk Factors
- Forward-looking statements about charter rates and vessel employment are subject to market volatility
- Geopolitical risks in the Middle East and Ukraine conflict could disrupt shipping routes or demand
- Bunker price fluctuations and regulatory changes may impact operating margins despite higher charter rates
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3260505 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 10d ago | SC 13D/A | $2.51 | awaiting T+60 | — | $2.54 (+1.00%) |
Oct 8, 2026 18d ago | 6-K | $2.82 | awaiting T+60 | — | $2.54 (−10.11%) |
Sep 22, 2026 5w ago | 6-K | $2.92 | awaiting T+60 | — | $2.54 (−13.18%) |
Sep 21, 2026 5w ago | Press Release | $2.97 | awaiting T+60 | — | $2.54 (−14.65%) |
Sep 16, 2026 5w ago | 6-K | $3.07 | awaiting T+60 | — | $2.54 (−17.43%) |
Sep 16, 2026 5w ago | Press Release | $2.99 | awaiting T+60 | — | $2.54 (−15.22%) |
Aug 24, 2026 9w ago | Press Release | $2.70 | awaiting T+60 | — | $2.54 (−6.11%) |
Aug 14, 2026 10w ago | 6-K | $2.66 | awaiting T+60 | — | $2.54 (−4.70%) |
Aug 14, 2026 10w ago | Press Release | $2.66 | awaiting T+60 | — | $2.54 (+4.70%) |
Aug 11, 2026 10w ago | 6-K | $2.38 | awaiting T+60 | — | $2.54 (+6.51%) |
US Market Status
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