Diana Shipping has secured a new time charter contract for its Capesize vessel M/V Florida with Nippon Yusen Kabushiki Kaisha. The new rate of $30,500 per day represents a significant increase from the current charter rate of $25,900 per day, leading to an anticipated gross revenue of approximately $29.28 million over the minimum 32-month period.
Diana Shipping (DSX) has announced a new time charter for its M/V Florida, starting in Q2 2027, at a higher rate of $30,500 per day compared to the current $25,900 per day. This represents a positive development for DSX, as it locks in a higher revenue stream for a significant period (32-35.5 months), generating an estimated $29.28 million in gross revenue. This move provides increased revenue visibility and improved profitability for the specific vessel, which is a Capesize dry bulk vessel built in 2022. For traders, this indicates a stable and improved financial outlook for DSX in the medium term, although the impact is somewhat delayed given the 2027 commencement. The counterparty, Nippon Yusen Kabushiki Kaisha, is a major player, suggesting a reliable contract.