Diana Shipping Inc. (NYSE: DSX) has extended the charter for its Panamax dry bulk vessel m/v Leto at a higher daily rate, the company said on Monday.
The new gross charter rate is set at $18,000 per day, down from a 4.75% commission paid to third parties, compared with the previous rate of $12,750 per day after the same deduction. The extension is expected to generate approximately $6.34 million in gross revenue over the minimum scheduled period of the time charter.
The charter extension is set to commence on September 10, 2026. The minimum duration runs from September 1, 2027, to October 31, 2027, with the vessel built in 2010.
Diana Shipping operates a fleet of 36 dry bulk vessels, including four Newcastlemax, eight Capesize, four Post-Panamax, six Kamsarmax, five Panamax, and nine Ultramax vessels. The combined carrying capacity of the fleet totals approximately 4.1 million deadweight tons, excluding two methanol dual-fuel new-building Kamsarmax vessels expected to join in the second half of 2027 and the first half of 2028. The weighted average age of the fleet stands at 12.75 years.
The company provides global shipping services, transporting dry bulk cargoes such as iron ore, coal, grain, and other commodities via its owned and bareboat chartered-in vessels.
