Greece-based and New York-listed Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with Bunge SA, Geneva, for one of its ultramax dry bulk vessels, the DSI Altair.

Bunge hired the 60,309-dwt ultramax dry bulk vessel built in 2016.

The vessel is chartered for a gross charter rate of $14,750 per day, minus a 5.00% commission paid to third parties, for a period until minimum January 15, 2027, up to maximum March 30, 2027.

The charter is expected to begin on January 17, 2026.

The employment of DSI Altair is anticipated to generate a total of around $5.30m 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 12.14 years.