
Diana Shipping Inc, the NYSE-listed shipping company of the Palios family, secured a fare four times higher than the previous one.
The ship’s charter, which is expected to generate approximately US $ 5.04 million gross revenue for the minimum scheduled timeframe period, is indicative of the recent significant increase in the bulk cargo freight market.
It is pointed out that yesterday, Friday, the Baltic Dry Index (BDI), the main indicator of the bulk cargo freight market, closed at the 5,202 points levels it had seen since the spring of 2008.
According to Diana Shipping, it chartered to Olam International Limited, Singapore, the Baltimore dry cargo bulk carrier, a Capesize dry cargo ship, 177,243 dwt in 2005, with a gross fare of $ 56,000 per day, minus 4.75% commission paid to third parties, for a journey time of approximately 90 days. The fare started retroactively from 28 September 2021. The Baltimore m / v was previously chartered to Koch Shipping Pte. Ltd., Singapore, with a gross fare of $ 13,000 per day, minus a 5% commission paid to third parties.
The fleet of Diana Shipping Inc. currently consists of 36 dry cargo ships (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 10 Panamax). The Company is also expected to receive a Kamsarmax dry cargo ship by the end of February 2022.


Latest News

Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.

Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”

Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.

Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.

Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.

Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.

WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)