DSX Diana Shipping Inc. c/o Diana Shipping Services S.A.
Price Chart
Executive Summary
Diana Shipping Inc. (DSX) announced a new time charter contract for its Panamax vessel m/v Crystalia at a gross rate of $16,200 per day, representing an increase from its prior charter rate of $13,900. The new charter is expected to generate approximately $5.78 million in gross revenue over the minimum period, with commencement on March 11, 2026, and duration until at least March 10, 2027. This reflects improved near-term cash flow visibility amid strengthening dry bulk charter rates.
Key Financial Metrics
Actionable Insight
Traders should view this as a positive signal of strengthening dry bulk charter markets and improved near-term revenue visibility. Monitor for follow-on charter announcements, especially for other Panamax or Kamsarmax vessels, which may indicate broader rate recovery.
Key Facts
- Diana Shipping chartered m/v Crystalia to SwissMarine Pte. Ltd. at $16,200/day gross, minus 5% commission.
- Previous charter rate was $13,900/day, also minus 5% commission.
- New charter generates ~$5.78 million in gross revenue over minimum period (March 11, 2026 – March 10, 2027).
- Charter duration: minimum March 10, 2027, up to May 10, 2027.
- m/v Crystalia is a 77,525 dwt Panamax vessel built in 2014.
- Fleet totals 36 vessels with ~4.1 million dwt; two Kamsarmax newbuilds expected by 2027–2028.
Financial Impact
$5.78 million in gross revenue over ~12 months; daily rate up 16.5% from prior $13,900 to $16,200
Risk Factors
- Charter rates remain exposed to global dry bulk demand volatility, especially from China and commodity trade flows.
- Geopolitical risks in the Red Sea and Eastern Europe could disrupt shipping routes or impact vessel availability.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3249435 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 9, 2026
3d ago
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Press Release
| $2.35 awaiting T+1 | awaiting T+1 | — | $2.39 (+1.92%) |
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Jun 4, 2026
8d ago
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Press Release
| $2.39 awaiting T+1 | awaiting T+1 | — | $2.39 (+0.00%) |
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Jun 2, 2026
10d ago
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Press Release
| $2.39 $2.35 | ▼ −1.67% | ▼ −0.98% | $2.39 (+0.00%) |
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May 29, 2026
14d ago
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6-K
| — | awaiting T+1 | — | — |
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May 28, 2026
15d ago
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6-K
| — | awaiting T+1 | — | — |
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May 28, 2026
15d ago
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6-K
| — | awaiting T+1 | — | — |
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May 28, 2026
15d ago
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Press Release
| $2.47 $2.36 | ▼ −4.45% | ▼ −4.69% | $2.39 (−3.24%) |
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May 27, 2026
16d ago
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Press Release
| $2.52 $2.47 | ▼ −1.98% | ▼ −2.54% | $2.39 (−5.16%) |
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May 15, 2026
28d ago
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6-K
| — | awaiting T+1 | — | — |
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May 15, 2026
28d ago
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Press Release
| $2.67 $2.68 | ▲ +0.37% | ▲ +0.44% | $2.39 (−10.49%) |
US Market Status
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