Diana Shipping Secures New Charter for Bulk Carrier Phaidra
Diana Shipping Secures New Charter for Bulk Carrier Phaidra
Diana Shipping, a prominent Greek shipping company listed on the New York Stock Exchange, has announced a significant charter agreement for its post-panamax bulk carrier, the *Phaidra*. The vessel, which has a deadweight tonnage of 87,146 dwt, has been fixed to Japan’s Nippon Yusen Kaisha (NYK) at a daily rate of $14,500, excluding a 5% commission. This new charter is set to commence on February 24, 2026, and will run for a minimum period until February 20, 2027, with options extending until April 20, 2027.
This new employment marks a substantial improvement over the *Phaidra*’s current contract, which is with SwissMarine at a rate of $9,750 per day, also minus a 5% commission. The transition to the new charter is expected to enhance the vessel’s revenue significantly, with Diana Shipping projecting approximately $5.18 million in gross revenue over the minimum charter duration.
Recent Developments in Diana Shipping’s Charter Agreements
The charter of the *Phaidra* represents Diana Shipping’s fourth reported charter agreement in 2023. The company has been actively securing contracts to optimize its fleet’s performance and revenue generation. Notably, this announcement follows the recent extension of the charter for another post-panamax vessel, the *Amphitrite*, which continues to operate under the management of Cobelfret.
Diana Shipping’s strategic moves in the charter market reflect its commitment to enhancing operational efficiency and maximizing returns on its fleet. The company’s ability to secure improved employment terms for its vessels is indicative of the current market dynamics and demand for bulk carriers. As the shipping industry continues to navigate challenges and opportunities, Diana Shipping’s proactive approach positions it well for future growth.
With the *Phaidra* now set for a more lucrative contract, Diana Shipping is poised to benefit from the anticipated revenue increase, reinforcing its status as a key player in the global shipping sector. The company remains focused on expanding its portfolio and ensuring its vessels are optimally utilized in a competitive market.
