Diana Shipping Extends Myrto Charter at US$16,650/Day Through 2027
Diana Shipping extended time charter for its 82,131 dwt Kamsarmax vessel Myrto with Nippon Yusen Kabushiki Kaisha at US$16,650 per day (minus 5% commission) from April 7, 2026 through at least September 20, 2027. The extension is expected to generate US$8.71 million in gross revenue for the minimum period.
1. Contract Extension Terms
Diana Shipping extended the time charter for its m/v Myrto with Nippon Yusen Kabushiki Kaisha, commencing April 7, 2026, and running through a minimum of September 20, 2027, and a maximum of November 20, 2027, under a gross rate of US$16,650 per day minus a 5.00% commission.
2. Rate Increase and Revenue Impact
The gross charter rate rose from US$12,000 per day to US$16,650 per day, boosting anticipated gross revenue to approximately US$8.71 million for the minimum charter period, representing a substantial uplift in daily earnings for the vessel’s employment.
3. Vessel Specifications
The m/v Myrto is an 82,131 dwt Kamsarmax dry bulk vessel built in 2013, specializing in transporting commodities such as iron ore, coal and grain across global shipping routes.
4. Fleet Overview and Future Deliveries
Diana Shipping’s fleet comprises 36 dry bulk vessels with a combined capacity of approximately 4.1 million dwt and a weighted average age of 12.33 years, and the company expects to take delivery of two methanol dual fuel new-building Kamsarmax vessels by late 2027 and early 2028.