Diana Shipping Charters m/v Seattle, Sells Dry Bulk Vessel
Diana Shipping Inc. has announced significant fleet updates, including a new time charter contract for its Capesize dry bulk vessel, the m/v Seattle, and the strategic sale of another dry bulk vessel, the m/v DSI Drammen. These moves underscore the company’s commitment to optimizing vessel employment and its asset portfolio within the global shipping industry.
Lucrative Charter for m/v Seattle
The m/v Seattle, a 179,362 dwt Capesize vessel built in 2011, secured a time charter with SwissMarine Pte. Ltd. Commencing around November 26, 2025, this profitable shipping contract boasts a gross rate of US$24,500 per day, net of commission. Expected to run until at least May 1, 2027, this charter is projected to generate approximately US$12.62 million in gross revenue for Diana Shipping during its minimum term.
Strategic Dry Bulk Vessel Sale
Diana Shipping also confirmed the sale of the m/v DSI Drammen, another dry bulk vessel. While financial specifics were not detailed, this divestment supports the company’s ongoing efforts to modernize its fleet and optimize its asset base. Such strategic vessel sales are vital for maintaining a competitive, efficient maritime portfolio.
These developments showcase Diana Shipping’s proactive approach in the dry bulk sector, ensuring both stable revenue generation through high-value charters and crucial fleet adjustments for future growth.
