Diana Shipping Announces Direct Continuation Of Time Charter Contract For m/v Phaidra With Aquavita; The Employment Of "Phaidra" Is Anticipated To Generate ~$2.4M Of Gross Revenue For The Minimum Scheduled Period Of The Time Charter
Portfolio Pulse from Benzinga Newsdesk
Diana Shipping Inc. has extended its time charter contract with Aquavita International for the vessel m/v Phaidra, expected to generate $2.4M in gross revenue for the minimum period. The charter rate is $12,000 per day, minus a 4.75% commission, from October 2024 to mid-2025.

October 03, 2024 | 1:24 pm
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Diana Shipping has secured a time charter extension for its vessel m/v Phaidra with Aquavita, expected to generate $2.4M in revenue. This deal ensures steady income and utilization of the vessel until mid-2025.
The extension of the time charter contract for m/v Phaidra with Aquavita provides Diana Shipping with a predictable revenue stream of $2.4M for the minimum period. This is positive for DSX as it ensures vessel utilization and income stability, likely boosting investor confidence and potentially impacting the stock price positively in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90