Diana Shipping has reached an agreement to extend its time charter with Oldendorff Carriers for the Polymnia, a post-Panamax dry bulk vessel. This arrangement is scheduled to begin on June 1, 2026, following the conclusion of the current contract.
The gross charter rate is set at $20,000 per day, representing an increase from the previous rate of $14,000 per day. This new pricing structure includes a five per cent commission payable to third-party entities.
The company reported that the extension will last until at least March 1, 2027, with a maximum date of April 30, 2027. Minimum gross revenue from this agreement is expected by Diana Shipping to reach $5.36 million.
Constructed in 2012, the Polymnia has a carrying capacity of 98,704 DWT.
The wider fleet currently operated by the company comprises 36 dry bulk vessels, including four Newcastlemax and eight Capesize ships.
These vessels have a combined capacity of approximately 4.1 million DWT and a weighted average age of 12.47 years. Diana Shipping said it expects the delivery of two additional Kamsarmax vessels to occur by the end of the first half of 2028.
