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NewMarketsReported 2026-10-08 21:07

Diana Shipping Inc. Announces Time Charter Contract for M/V G. P. Zafirakis

Diana Shipping Inc. entered into a time charter contract with Classic Maritime Inc. for its Capesize dry bulk vessel, the m/v G. P. Zafirakis, at a gross charter rate of US$38,000 per day, effective from October 10, 2026, for a period until December 15, 2027.

Why it matters. Diana Shipping Inc.'s fleet management and revenue generation through time charter contracts affect its financial performance and market position in the dry bulk shipping industry.

01

Who it touches

  1. 1Diana Shipping Inc.
  2. cost exposure →Fact
    2Bunker pricesCommodity
  3. agreement with →Fact
    3Classic Maritime Inc.Company
  4. transports →Fact
    4Dry bulk cargoCommodity
  5. regulatory exposure →Fact
    5Governmental rules and regulationsPolicy
  6. trade exposure →Fact
    6Tariff policies and other trade restrictionsPolicy
02

Evidence

  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    it has entered into a time charter contract with Classic Maritime Inc.
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    minus a 5.00% commission paid to third parties
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  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax).
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 12.87 years.
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    changes in governmental rules and regulations or actions taken by regulatory authorities
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  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    The gross charter rate is US$38,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum October 1, 2027 up to maximum December 15, 2027.
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    tariff policies and other trade restrictions
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs
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  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    The “G. P. Zafirakis” is a 179,492 dwt Capesize dry bulk vessel built in 2014.
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.
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  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    The charter is expected to commence on October 10, 2026.
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    at a gross charter rate of US$26,800 per day, minus a 5.00% commission paid to third parties.
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    The employment of “G. P. Zafirakis” is anticipated to generate a total of approximately US$13.34 million of gross revenue for the minimum scheduled period of the time charter.
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    The gross charter rate is US$38,000 per day, minus a 5.00% commission paid to third parties
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    with a weighted average age of 12.87 years.
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    for a period until minimum October 1, 2027 up to maximum December 15, 2027.
    View source
  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second ha…
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  • GGlobeNewswire public company newsCompany2026-10-08 21:07
    (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Classic Maritime Inc., for one of…
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