Η Diana Shipping Inc. (NYSE: DSX), (η «Εταιρεία»), μια παγκόσμια ναυτιλιακή εταιρεία που ειδικεύεται στην ιδιοκτησία και τη ναύλωση χωρίς βάρκα πλοίων ξηρού χύδην φορτίου, ανακοίνωσε σήμερα ότι, μέσω μιας ξεχωριστής θυγατρικής εξ ολοκλήρου, έχει εισέλθει σε σύμβαση χρονοναύλωσης με τη Nippon Yusen Kabushiki Kaisha, Τόκιο, για ένα από τα πλοία ξηρού φορτίου Newcastlemax, το m/v Philadelphia. Η ακαθάριστη τιμή ναύλωσης είναι 22.500 $ ΗΠΑ, μείον μια προμήθεια 5% που καταβάλλεται σε τρίτους, για περίοδο τουλάχιστον έως τις 20 Απριλίου 2025 έως το μέγιστο στις 20 Ιουλίου 2025. Η ναύλωση αναμένεται να ξεκινήσει στις 5 Φεβρουαρίου 2024.
DIANA SHIPPING INC. ANNOUNCESTIMECHARTER CONTRACT
FOR M/VPHILADELPHIA WITH NYK LINE
ATHENS, GREECE, February 1, 2024– Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownershipand bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has enteredinto atime charter contract withNippon Yusen Kabushiki Kaisha, Tokyo,for one of itsNewcastlemaxdry bulk vessels, the m/vPhiladelphia.The gross charter rate is US$22,500, minus a 5% commission paid to third parties,for a period until minimum April20, 2025up to maximum July20, 2025. Thecharteris expected to commence on February 5, 2024.
The “Philadelphia” is a 206,040dwt Newcastlemaxdry bulk vessel built in 2012.
The employment of “Philadelphia” is anticipated to generate approximately US$9.79 million of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the previously announced sale of m/v Artemis, Diana Shipping Inc.’s fleet will consist of 39 dry bulk vessels: 4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax,6 Panamax and 9 Ultramax. As of today, the combined carrying capacity of the Company’s fleetincluding the m/v Artemis, is approximately 4.5 million dwt with a weighted average age of 10.62 years.A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute a part of this press release.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-inof dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the continuing impacts of the COVID-19 pandemic; the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
