Blog Exposure – Diana Shipping Signs Time Charter Contract for M/v Arethusa with Glencore

LONDON, UK / ACCESSWIRE / April 24, 2018 / Active-Investors.com has just released a free research report on Diana Shipping Inc. (NYSE: DSX). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DSX as the Company’s latest news hit the wire. On April 20, 2018, the Company, which is a global provider of shipping transportation services through its ownership of dry bulk vessels, declared that it has entered into a time charter contract with Glencore Agriculture B.V. Rotterdam, for one of its Panamax dry bulk vessels, the m/v Calipso. Register today and get access to over 1000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Diana Shipping most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=DSX

Details about the Time Charter Contract

Diana Shipping has signed the time charter contract through its separate wholly-owned subsidiary, Diana Shipping Services SA. The charter is expected to start from April 25, 2018. The redelivery date to owners for this contract is April 25, 2019, to July 25, 2019.
M/v Arethusa is a 73,593 deadweight tonnage (dwt) Panamax dry bulk vessel built in 2007.
The gross rate for the charter is $12,600 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to maximum 15 months.
This contract is expected to generate gross revenues of approximately $4.54 million for the minimum scheduled period of the time charter.
At present, the 2007-built ship is chartered to Noble Resources International Pte. Ltd, Singapore, at a gross rate of $7,200 per day, minus a 5% commission paid to third parties.

Another Time Charter Contract with Glencore for M/v Santa Barbara

Previously, on March 09, 2018, Diana Shipping signed another time charter contract with Glencore for its Panamax dry bulk vessel, the m/v Calipso. M/v Calipso is a 73,691 dwt Panamax dry bulk vessel that was built in 2005.
The gross rate for the charter is $12,200 per day, minus a 5% commission paid to third parties, for a period of minimum 15 months to maximum 18 months. The charter started from March 12, 2018.
This contract is expected to generate gross revenues of $5.31 million for the minimum scheduled period of the time charter.
Prior to this contract, m/v Calipso was chartered to Transgrain Shipping B.V., Rotterdam, at a gross rate of $9,000 per day, minus a 5% commission paid to third parties.

Diana Shipping’s Current Fleet List

At present, Diana Shipping’s fleet has 50 dry bulk vessels, which includes 4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 22 Panamax carriers. On a YTD basis, the Company’s total fleet carrying capacity is approximately 5.8 million dwt, with a weighted average age of 8.66 years. The Company’s wholly-owned subsidiary Diana Shipping Services S.A., and its 50/50 joint venture with Wilhelmsen Ship Management, manage its extensive fleet.

Stock Performance Snapshot

April 23, 2018 – At Monday’s closing bell, Diana Shipping’s stock dropped 1.60%, ending the trading session at $3.68.

Volume traded for the day: 230.16 thousand shares.

Stock performance in the last month – up 1.38%

After yesterday’s close, Diana Shipping’s market cap was at $371.75 million.

The stock is part of the Services sector, categorized under the Shipping industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 497126