Diana Shipping (DSX) announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bohai Ocean Shipping, for one of its Newcastlemax dry bulk vessels, the m/v Newport News. The gross charter rate is $25,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum September 1, 2026 up to maximum October 31, 2026. The charter is expected to commence on June 14, 2025. The m/v Newport News is currently chartered, as previously announced, to Nippon Yusen Kabushiki Kaisha, Tokyo, at a gross charter rate of $20,000 per day, minus a 5.00% commission paid to third parties. The “Newport News” is a 208,021 dwt Newcastlemax dry bulk vessel built in 2017. The employment of “Newport News” is anticipated to generate approximately $10.95 million of gross revenue for the minimum scheduled period of the time charter.
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