Through its subsidiary, Greece-based Diana Shipping has signed a time charter contract with Koch Shipping Singapore for one of its Panamax dry bulk vessels Coronis.

The deal includes a gross charter rate of $8,000 a day and excludes a 5% commission paid to third parties for a minimum period of nine to ten months.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The charter period started on 20 February.

Previously, the vessel was chartered to Tongli Shipping for a gross charter rate of $5,300 a day.

Built in 2006, Coronis is a dry bulk vessel that can accommodate 74,381 deadweight tonnage (dwt) of goods.

The deal is expected to generate gross revenue of approximately $2.04m for Diana Shipping for a minimum scheduled period of the time charter.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

In a separate development, the buyers cancelled the previously announced sale of the ‘Norfolk’.

Last month, Diana Shipping signed a memorandum of agreement (MOA) through its subsidiary for the Norfolk vessel that was built in 2002.

The company received the cancellation notice for the MOA.

Diana Shipping said: “The buyers elected to exercise their right to cancel the contract as a result of vessel’s missing the cancelling date stipulated therein, due to unforeseen events, unrelated to the condition of the vessel, and have requested the refund of the deposit of the purchase price.”

Diana Shipping has initiated the process to return the deposit amount to the buyers.

With the cancelling of the sale of Norfolk, Diana Shipping’s fleet now consists of 42 dry bulk vessels, including four Newcastlemax, 14 Capesize, five Post-Panamax, five Kamsarmax and 14 Panamax.

The total carrying capacity of the fleet is approximately 5.2 million dwt with 9.68 years weighted average age.

Last month, Diana Shipping signed another time charter contract with Aquavita International for a Kamsarmax dry bulk vessel m/v Astarte.

Ship Technology Excellence Awards - Nominations Closed

Nominations are now closed for the Ship Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
From automated chartering invoices to EU ETS and CII management, Ankeri Solutions’ maritime SaaS platform has earned three Ship Technology Excellence Awards for 2025. See how Ankeri is helping shipowners and charterers boost efficiency, cut emissions, and collaborate better across complex global fleets.

Discover the Impact