Diana Shipping enters time charter contract for m/v Crystalia

Diana Shipping (DSX) announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is $16,200 per day, minus a 5.00% commission paid to third parties, for a period until minimum March 10, 2027 up to maximum May 10, 2027. The charter is expected to commence on March 11, 2026. The m/v Crystalia is currently chartered, as previously announced, to Louis Dreyfus Company Freight Asia Pte. Ltd., at a gross charter rate of $13,900 per day, minus a 5.00% commission paid to third parties. The “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014. The employment of “Crystalia” is anticipated to generate a total of approximately $5.78M of gross revenue for the minimum scheduled period of the time charter.