Diana Shipping fixes out panamax to China Resource Chartering

Greek bulker owner Diana Shipping has entered into a time charter contract with China Resource Chartering for one of its panamax vessels.

The company hired the 2013-built, 77,901 dwt bulker Ismene. The gross charter rate is $11,000 per day, minus a 5% commission paid to third parties, for a period until a minimum of March 20, 2026, up to a maximum of May 20, 2026.

The charter is expected to begin on April 26, 2025. The employment of the bulker is anticipated to generate approximately $3.54m of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping’s fleet consists of 37 dry bulk vessels – four newcastlemaxes, eight capesizes, four post-panamaxes, six kamsarmaxes, six panamaxes, and nine ultramaxes.

The company also expects to take delivery of two methanol dual-fuel newbuilding kamsarmax bulkers 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 4.1m dwt with a weighted average age of 11.46 years.