Diana Shipping Enters Into Time Charter Contract With ASL Bulk Shipping For m/v Leto; Gross Charter Rate $16,000/Day Minus 5% Commission To Third Parties For Period Until minimum March 1, 2025 To Maximum April 30, 2025
Portfolio Pulse from Benzinga Newsdesk
Diana Shipping has signed a time charter contract with ASL Bulk Shipping for the m/v Leto. The contract stipulates a gross charter rate of $16,000 per day, minus a 5% commission to third parties. The charter period is set from at least March 1, 2025, to a maximum of April 30, 2025.
April 29, 2024 | 1:17 pm
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POSITIVE IMPACT
Diana Shipping's new charter agreement with ASL Bulk Shipping for the m/v Leto at $16,000/day ensures steady revenue until at least April 2025.
The agreement provides Diana Shipping with a guaranteed income stream from the charter of m/v Leto, enhancing financial stability and potentially improving investor sentiment towards DSX. The gross charter rate of $16,000 per day, despite the 5% commission deduction, represents a solid revenue source over the contract period. This deal could positively influence DSX's stock in the short term by providing predictable revenue, which is a key factor for investors in the shipping industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100