We specialize in the ownership and bareboat charter-in of dry bulk vessels. As of November 28, 2023, our fleet consists of 42 dry bulk vessels, excluding the two methanol dual fuel new-building Kamsarmax dry bulk vessels, not yet delivered: 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10 Ultramax (including a partial interest through a joint venture arrangement in one Ultramax). As of the same date, the combined carrying capacity of our fleet (excluding m/v DSI Drammen and the two methanol dual fuel new-building Kamsarmax dry bulk vessels) is approximately 4.7 million dwt with a weighted average age of 10.65 years.
Our fleet is managed by our wholly-owned subsidiary Diana Shipping Services S.A. and our established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited.
To accomplish this objective, we intend to pursue highly focused business strategies, including: maintaining a high quality fleet; strategically expanding the size of our fleet; pursuing an appropriate balance of short-term and long-term time charters; maintaining a strong balance sheet; and maintaining low cost, highly efficient operations. In addition, we intend to capitalize on our reputation for high standards of performance, reliability and safety to establish and maintain relationships with major international charterers and financial institutions.