Greek bulker owner Diana Shipping has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its kamsarmax dry bulk vessels.

The company hired the 2014-built, 82,165 dwt bulker Leonidas P. C. The gross charter rate is $14,000 per day, minus a 5% commission paid to third parties, until a minimum of September 15, 2026, up to a maximum of November 15, 2026.

The charter is expected to commence on September 24, 2025, and generate approximately $4.93m of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping’s fleet consists of 36 dry bulk vessels – four newcastlemaxes, eight capesizes, four post-panamaxes, six kamsarmaxes, five panamaxes, and nine ultramaxes.

The company also expects to take delivery of two methanol dual-fuel newbuilding kamsarmax bulkers by the second half of 2027 and the first half of 2028, respectively.

Currently, the combined carrying capacity of the fleet, excluding the two vessels not yet delivered, is approximately 4.1m dwt with a weighted average age of 11.83 years.