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Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Altair With Bunge

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ATHENS, Greece, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), ...

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AI Summary

Diana Shipping signed a charter contract with Bunge SA for m/v DSI Altair. Charter rate is $14,750 per day, generating $5.30 million revenue. The charter duration spans from January 17, 2026, to March 30, 2027. Diana's fleet includes 36 vessels, with a capacity of 4.1 million dwt. New dual fuel vessels expected delivery between 2027 and 2028.

Sentiment Rationale

The new charter contract strengthens revenue streams for DSX. Historical trends show similar contracts improve market confidence and stock prices.

Trading Thesis

The immediate impact comes from the charter starting in January 2026. Historically, quarterly revenue increases from new contracts have influenced stock prices within months.

Market-Moving

  • Diana Shipping signed a charter contract with Bunge SA for m/v DSI Altair.
  • Charter rate is $14,750 per day, generating $5.30 million revenue.
  • The charter duration spans from January 17, 2026, to March 30, 2027.

Key Facts

  • Diana Shipping signed a charter contract with Bunge SA for m/v DSI Altair.
  • Charter rate is $14,750 per day, generating $5.30 million revenue.
  • The charter duration spans from January 17, 2026, to March 30, 2027.
  • Diana's fleet includes 36 vessels, with a capacity of 4.1 million dwt.
  • New dual fuel vessels expected delivery between 2027 and 2028.

Companies Mentioned

  • BUNGE (BUNGE)
  • SBLK (SBLK)
  • GOGL (GOGL)

Corporate Developments

The charter contract indicates strong operational outlook, positively impacting investor sentiment. This raises the likelihood of short-term price appreciation and could influence long-term strategy.

Diana Shipping Inc. Secures Time Charter Contract for m/v DSI Altair

ATHENS, Greece, Jan. 12, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), a leader in the global shipping industry, has officially announced a new time charter contract with Bunge SA in Geneva. The agreement involves one of its Ultramax dry bulk vessels, the m/v DSI Altair, and is set to commence on January 17, 2026.

Details of the Charter Agreement

The gross charter rate for the DSI Altair is set at US$14,750 per day, with a 5.00% commission payable to third parties. The contract will remain effective until at least January 15, 2027, and may extend to a maximum of March 30, 2027. Over the minimum charter duration, the vessel is expected to generate approximately US$5.30 million in gross revenue.

About the DSI Altair

The DSI Altair is a 60,309 dwt Ultramax dry bulk vessel constructed in 2016. Its addition to Diana Shipping Inc.’s fleet underscores the company's commitment to providing reliable shipping services.

Diana Shipping Inc.'s Fleet Overview

Currently, Diana Shipping Inc. boasts a fleet of 36 dry bulk vessels, categorized as follows:

  • 4 Newcastlemax
  • 8 Capesize
  • 4 Post-Panamax
  • 6 Kamsarmax
  • 5 Panamax
  • 9 Ultramax

The company's total carrying capacity, excluding two upcoming vessels, stands at approximately 4.1 million dwt, with a weighted average vessel age of 12.14 years. Diana Shipping Inc. also anticipates the delivery of two new methanol dual fuel Kamsarmax vessels by late 2027 and early 2028.

Company Background

Diana Shipping Inc. specializes in shipping transportation services through the ownership and bareboat charter-in of dry bulk vessels. Operating primarily on short to medium-term time charters, the company transports a diverse range of dry bulk cargoes, including iron ore, coal, and grain along global shipping routes.

Cautionary Statement on Forward-Looking Statements

Statements in this announcement may include forward-looking remarks as defined by the Private Securities Litigation Reform Act of 1995. Such statements reflect current expectations about future events and involve risks and uncertainties that could cause actual results to differ materially. Key factors influencing these forward-looking statements include economic conditions, charter rate fluctuations, and governmental regulations.

Contact Information

For further inquiries, please contact:

  • Margarita Veniou, Chief Corporate Development, Governance & Communications Officer
  • Telephone: +30-210-9470-100
  • Email: mveniou@dianashippinginc.com

For media-related inquiries, reach out to:

  • Nicolas Bornozis / Daniela Guerrero
  • Capital Link, Inc., 230 Park Avenue, Suite 1540, New York, N.Y. 10169
  • Tel: (212) 661-7566
  • Email: diana@capitallink.com

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