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Diana Shipping Secures New Charter for m/v Astarte

Story Highlights
  • Diana Shipping Inc. announced a new time charter for m/v Astarte on July 28, 2025.
  • The charter is expected to generate $4.68 million in revenue, enhancing fleet utilization.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Diana Shipping Secures New Charter for m/v Astarte

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The latest update is out from Diana Shipping ( (DSX) ).

On July 28, 2025, Diana Shipping Inc. announced a new time charter contract for its Kamsarmax dry bulk vessel, the m/v Astarte, with Propel Shipping Pte. Ltd. The charter, commencing on August 2, 2025, is set at a gross rate of $12,500 per day, minus a 5% commission, and is expected to generate approximately $4.68 million in gross revenue for the minimum period. This move is part of Diana Shipping’s strategy to enhance its fleet utilization and revenue generation, reflecting its robust positioning in the dry bulk shipping industry.

Spark’s Take on DSX Stock

According to Spark, TipRanks’ AI Analyst, DSX is a Neutral.

Diana Shipping’s score is driven by financial performance challenges such as declining revenues and potential liquidity issues. While technical indicators show neutrality, the valuation suggests limited upside potential. The earnings call provided some positive strategic insights but was tempered by ongoing revenue and market challenges.

To see Spark’s full report on DSX stock, click here.

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 primarily employs its vessels on short to medium-term time charters, transporting a variety of dry bulk cargoes such as iron ore, coal, and grain across worldwide shipping routes.

Average Trading Volume: 268,528

Technical Sentiment Signal: Sell

Current Market Cap: $188.7M

See more data about DSX stock on TipRanks’ Stock Analysis page.

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