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Diana Shipping Secures New Charter Contract for m/v Myrsini

Story Highlights
  • Diana Shipping enters a new time charter contract with Cargill for m/v Myrsini.
  • The contract is expected to generate about $3.95 million in revenue, enhancing Diana Shipping’s market position.
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Diana Shipping Secures New Charter Contract for m/v Myrsini

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An announcement from Diana Shipping ( (DSX) ) is now available.

On February 19, 2025, Diana Shipping Inc. announced a new time charter contract with Cargill International SA for its Kamsarmax dry bulk vessel, m/v Myrsini. The charter, set to commence on February 28, 2025, will have a gross charter rate of $13,000 per day, expected to generate approximately $3.95 million in revenue for the company. This contract reflects Diana Shipping’s strategic operations, enhancing its position in the dry bulk shipping industry while maintaining a robust fleet of 37 vessels.

More about Diana Shipping

Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels. The company’s vessels are primarily employed on short to medium-term time charters, transporting a range of dry bulk cargoes such as iron ore, coal, grain, and other materials across worldwide shipping routes.

YTD Price Performance: -2.55%

Average Trading Volume: 641,938

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $239.1M

Find detailed analytics on DSX stock on TipRanks’ Stock Analysis page.

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