Diana Shipping Announces Time Charter Contract For m/v G. P. Zafirakis With NYK Line; The Gross Charter Rate Is $26,800 Per Day; Employment Of "G. P. Zafirakis" Is Anticipated To Generate ~$18.49M Of Gross Revenue For The Minimum Scheduled Period Of The Time Charter
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Diana Shipping Inc. (NYSE:DSX) has entered into a time charter contract with NYK Line for its Capesize vessel, m/v G. P. Zafirakis, at a rate of $26,800 per day. This contract is expected to generate approximately $18.49 million in gross revenue over a minimum period of 23 months.
August 26, 2024 | 1:39 pm
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Diana Shipping Inc. has secured a new time charter contract for its vessel m/v G. P. Zafirakis with NYK Line, significantly increasing its charter rate from $17,000 to $26,800 per day. This is expected to generate approximately $18.49 million in gross revenue over the minimum period of the contract.
The new charter contract with NYK Line represents a significant increase in the daily charter rate for Diana Shipping's vessel, m/v G. P. Zafirakis, from $17,000 to $26,800. This increase in rate and the expected revenue of $18.49 million over the minimum period of the contract is likely to positively impact DSX's financial performance, making the news highly relevant and important for investors.
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