Diana Shipping Inc., a global company engaged in maritime transportation and specialized in the ownership and chartering of dry bulk vessels, announced that through a wholly-owned subsidiary, it has signed a time charter agreement for one of its dry bulk vessels, named m/v G. P. Zafirakis, with Classic Maritime Inc.
Charter Agreement Details
The agreement includes a gross charter rate of $38,000 per day, along with a 5% commission payable to third parties. This agreement is set for a minimum period until October 1, 2027, and a maximum until December 15, 2027, and is expected to commence on October 10, 2026. The vessel m/v G. P. Zafirakis is currently on charter to Nippon Yusen Kabushiki Kaisha in Tokyo, with its previous contract including a gross charter rate of $26,800 per day.
Read more: Analysis of Container Transport Market Developments in 2026
Specifications of the Vessel G. P. Zafirakis
The vessel G. P. Zafirakis is a Capesize bulk carrier with a deadweight tonnage (dwt) of 179,492 tons, built in 2014. The employment of this vessel is expected to generate revenue of approximately $13.34 million for the minimum planned period of the charter agreement.
Currently, Diana Shipping's fleet consists of 36 bulk carriers, including 4 Newcastlemax vessels, 8 Capesize vessels, 4 Post-Panamax vessels, 6 Kamsarmax vessels, 5 Panamax vessels, and 9 Ultramax vessels. The company also expects to take delivery of two new dual-fuel methanol Kamsarmax vessels by the second half of 2027 and the first half of 2028. Currently, the total transport capacity of the company's fleet (excluding the two vessels yet to be delivered) is approximately 4.1 million tons dwt with an average age of 12.87 years.
