Greece-based and New York-listed Diana Shipping, through a separate wholly-owned subsidiary, has extended the time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its kamsarmax dry bulk vessels, the Myrto.

Nippon Yusen Kabushiki Kaisha hired the 82,131 dwt kamsarmax dry bulk vessel built in 2013.

The vessel is chartered for a gross charter rate of $16,650 per day, minus a 5.00% commission paid to third parties, for a period until minimum September 20, 2027, up to maximum November 20, 2027.

The new charter period is expected to begin on April 7, 2026.

The kamsarmax Myrto is currently chartered at a gross charter rate of $12,000 per day, minus a 5.00% commission paid to third parties.

The employment extension of Myrto is anticipated to generate approximately $8.71m of gross revenue for the minimum scheduled period of the time charter.

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 half of 2027 and the first half of 2028, respectively.

Currently, 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 12.33 years.