Monitor upcoming fleet utilization and charter renewals for further rate momentum.
Price Chart
Executive Summary
Diana Shipping entered a time charter contract for the m/v Astarte at $17,000/day, a 36% increase from the prior $12,500/day charter, generating ~$5.81M in minimum gross revenue. The improved rate signals strengthening dry bulk demand, but the contract is a routine operational update with no material change to the company's financial outlook or fleet composition beyond the near-term cash flow boost.
Key Financial Metrics
Key Facts
- Time charter contract for m/v Astarte at $17,000/day gross rate, minus 4.75% commission
- Charter period: minimum September 1, 2027 to maximum November 15, 2027
- Expected to commence September 20, 2026
- Prior charter for same vessel was $12,500/day (minus 5.00% commission)
- Minimum gross revenue from charter: approximately $5.81 million
- Fleet consists of 36 dry bulk vessels (4.1 million dwt, weighted average age 12.81 years)
- Two methanol dual fuel new-building Kamsarmax vessels expected by H2 2027 and H1 2028
Financial Impact
Minimum ~$5.81M gross revenue from the new charter, up from ~$4.3M at the prior rate over the same minimum period
Risk Factors
- Charter rate volatility in dry bulk shipping
- Geopolitical risks (Russia-Ukraine, Middle East) disrupting shipping routes
- Forward-looking statements subject to market conditions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3363192 |
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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