Diana Shipping Signs Charter Agreement with Nippon Yusen
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2026
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Should l Buy DSX?
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- Charter Agreement Signed: Diana Shipping has entered into a time charter contract with Nippon Yusen through a wholly-owned subsidiary, with a daily rate of $14,500, significantly up from the previous $9,750, expected to generate approximately $5.18 million in total revenue, enhancing the company's revenue stability.
- Fleet Composition and Size: The company currently operates a fleet of 36 dry bulk vessels, showcasing a diversified approach in the dry bulk shipping market, and anticipates the delivery of two new methanol dual-fuel Kamsarmax vessels, further strengthening its competitive position.
- Market Outlook Analysis: With the global economic recovery and increasing demand for dry bulk shipping, the signing of this charter not only boosts short-term revenue but also provides the company with enhanced resilience against future market fluctuations, aligning with its long-term strategic goals.
- Operational Efficiency Improvement: The new charter is expected to significantly enhance the operational efficiency of the m/v Phaidra, optimizing resource allocation during the charter period and improving overall profitability, thereby solidifying the company's position in the global shipping market.
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About DSX
Diana Shipping Inc. is a Greece-based global provider of shipping transportation services. The Company specializes in the ownership and bareboat charter-in of dry bulk vessels. The Company's operating fleet consists of 40 dry bulk vessels, including 4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8 Panamax, and 6 Ultramax. Its fleet combined carrying capacity is approximately 4.7 million deadweight tonnage (dwt) with a weighted average age of 10.16 years. The Company's fleet is managed by its wholly-owned subsidiary Diana Shipping Services S.A. and its established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Forum Overview: The 20th Annual Capital Link International Shipping Forum is scheduled for March 9, 2026, in New York City, expected to attract numerous investors and shipping executives, showcasing the latest trends and developments in the shipping industry while facilitating engagement between investors and shipping companies.
- Keynote Speakers: U.S. Department of Energy's Special Envoy for Global Energy Integration, Joshua Volz, and Greek Minister of Maritime Affairs, Vasilis Kikilias, will deliver keynote remarks during lunch, discussing the dynamics and challenges of global energy markets, emphasizing the shipping industry's critical role in energy transition.
- Industry Panel Discussions: The forum will feature multiple panels addressing key issues such as supply and demand fundamentals, freight rates, and asset values in the dry bulk, gas, and tanker shipping sectors, aiming to provide attendees with profound market insights and forward-looking analyses.
- Registration Information: Registration for the forum is complimentary for institutional investors and shipping companies, with details available on the official website, reflecting the forum's commitment to enhancing connections between the shipping industry and investors.
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- Forum Overview: The 20th Annual Capital Link International Shipping Forum will take place on March 9, 2026, in New York City, featuring senior executives from 23 leading shipping companies, showcasing the latest trends and dynamics in the shipping market while facilitating dialogue between investors and shipping firms.
- Keynote Speakers: Joshua Volz, Special Envoy for Global Energy Integration from the U.S. Department of Energy, and Vasilis Kikilias, Minister of Maritime Affairs from Greece, will deliver keynote remarks, emphasizing the close relationship between global energy transitions and the shipping industry, likely sparking in-depth discussions on future shipping policies among attendees.
- Investor Meetings: The forum offers one-on-one meeting opportunities for shipping companies and institutional investors, with complimentary registration for both groups, aimed at enhancing capital flow and industry collaboration, thereby increasing the investment appeal of the shipping market.
- Industry Discussions: The forum will address critical topics such as geopolitics, the new energy landscape, access to capital, and technological innovation, expected to provide valuable insights for the future development of the shipping industry, helping participants seize market opportunities.
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- Charter Agreement Signed: Diana Shipping has entered into a time charter contract with Nippon Yusen through a wholly-owned subsidiary, with a daily rate of $14,500, significantly up from the previous $9,750, expected to generate approximately $5.18 million in total revenue, enhancing the company's revenue stability.
- Fleet Composition and Size: The company currently operates a fleet of 36 dry bulk vessels, showcasing a diversified approach in the dry bulk shipping market, and anticipates the delivery of two new methanol dual-fuel Kamsarmax vessels, further strengthening its competitive position.
- Market Outlook Analysis: With the global economic recovery and increasing demand for dry bulk shipping, the signing of this charter not only boosts short-term revenue but also provides the company with enhanced resilience against future market fluctuations, aligning with its long-term strategic goals.
- Operational Efficiency Improvement: The new charter is expected to significantly enhance the operational efficiency of the m/v Phaidra, optimizing resource allocation during the charter period and improving overall profitability, thereby solidifying the company's position in the global shipping market.
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- Charter Extension: Diana Shipping has extended the time charter contract for the m/v Amphitrite with Cobelfret S.A. at a gross rate of $13,000 per day for the first 30 days and $16,500 thereafter, commencing on February 8, 2026, and lasting until at least March 1, 2027, up to April 30, 2027.
- Revenue Expectations: The charter extension is anticipated to generate approximately $6.15 million in gross revenue for the minimum scheduled period, reflecting the company's stability and profitability in the dry bulk shipping market.
- Fleet Size: Diana Shipping's fleet currently consists of 36 dry bulk vessels with a total carrying capacity of about 4.1 million dwt and a weighted average age of 12.19 years, indicating the company's competitive edge and market position.
- Future Deliveries: The company expects to take delivery of two methanol dual-fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, enhancing its fleet's environmental capabilities and market adaptability.
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Shipping in New Charter Period: The new shipping charter period is expected to commence on February 8, 2026.
Impact on Industry: This upcoming charter period may have significant implications for shipping operations and logistics planning.
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Charter Contract Extension: Diana Shipping Inc. has extended the charter contract for the M/V Amphitrite, a vessel in its fleet.
Duration and Terms: The extension of the charter is set for a period of 12 months, with specific terms agreed upon by both parties.
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