Diana Shipping Inc. said it extended the charter for its Panamax dry bulk vessel m/v Leto at a higher daily rate, with the new agreement commencing September 10, 2026.
The extension, agreed with Cargill International SA, raises the gross charter rate to $18,000 per day from $12,750 per day, both figures net of a 4.75% commission to third parties. The minimum scheduled period runs from September 1, 2027, to a maximum of October 31, 2027, generating approximately $6.34 million in gross revenue for Diana Shipping.
The company’s fleet currently comprises 36 dry bulk vessels with a combined carrying capacity of about 4.1 million deadweight tons. The fleet includes four Newcastlemax, eight Capesize, four Post-Panamax, six Kamsarmax, five Panamax, and nine Ultramax vessels, with a weighted average age of 12.75 years.
Diana Shipping transports dry bulk cargoes such as iron ore, coal, and grain globally through its owned and bareboat-chartered vessels. The company also expects delivery of two methanol dual-fuel new-building Kamsarmax vessels in the second half of 2027 and the first half of 2028.
