Diana Shipping kamsarmax going on hire with NYK Line

New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its kamsarmax vessels.

The company hired the 2013-built, 82,131 dwt bulker Myrto. The gross charter rate is $12,000 per day, minus a 5% commission paid to third parties, for a period until a minimum of March 1, 2026, up to a maximum of May 15, 2026.

The charter is expected to begin today. The employment of the bulker is anticipated to generate approximately $5.11m of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping’s fleet consists of 38 dry bulk vessels – four newcastlemaxes, eight capesizes, five post-panamaxes, six kamsarmaxes, six panamaxes, and nine ultramaxes.

The company also expects to take delivery of two methanol dual fuel new-building kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively.

Currently, the combined carrying capacity of the fleet excluding the two vessels not yet delivered, is approximately 4.2m dwt with a weighted average age of 11.22 years.