COPENHAGEN, 5 DECEMBER – The Sea Cargo Charter (SCC) is proud to announce Diana Shipping Inc. as its newest signatory, further expanding the global initiative with the addition of another shipowner.
Diana Shipping Inc., a prominent provider of shipping transportation services, owns and bareboat charters in a diverse fleet of dry bulk vessels that transport commodities such as iron ore, coal, and grain across global shipping routes. The company’s addition to the SCC reflects a strong commitment to transparency and sustainability, reinforcing the maritime industry’s growing alignment with international decarbonisation goals.
“With the inclusion of Diana Shipping Inc., the Sea Cargo Charter continues to broaden its scope and impact, further cementing our collective dedication to transparency and sustainable practices,” said Eman Abdalla, Vice Chair of the Sea Cargo Charter and Global Operations & Supply Chain Director at Cargill Ocean Transportation. “As one of the first shipowners to join the Sea Cargo Charter, Diana Shipping Inc. sends a clear signal to the industry that shipowners have a critical role in achieving the decarbonisation goals set by the International Maritime Organization.”
The Sea Cargo Charter expanded its scope to include shipowners in April 2024, enabling both charterers and shipowners to monitor and report emissions under a unified framework. This integration underscores the SCC’s mission to encourage industry-wide accountability, transparency, and collaboration in achieving net-zero greenhouse gas (GHG) emissions by around 2050.
“With a deep-rooted commitment to sustainability, Diana Shipping Inc. is excited to join forces with the Sea Cargo Charter to drive meaningful change in the maritime industry,” said Semiramis Paliou, Director and Chief Executive Officer of Diana Shipping Inc. “By becoming a signatory, we are actively aligning with the Sea Cargo Charter’s mission to reduce greenhouse gas emissions and promote responsible environmental practices in shipping. Through this initiative, we strengthen our stakeholder relationships, enhance transparency, and play a key role in advancing the decarbonisation of global shipping.”
The Sea Cargo Charter’s framework aligns with the International Maritime Organization’s updated greenhouse gas strategy, which aims to achieve net-zero emissions by 2050. By joining, Diana Shipping Inc. strengthens its capacity to measure emissions and evaluate alignment with these ambitious targets while encouraging other shipowners to follow suit and contribute to a more transparent and sustainable shipping industry.
Media contact: Molly P. Hannon, Senior Communications Manager
M: +45 5376 6787
E: mph@globalmaritimeforum.org
About the Sea Cargo Charter
The Sea Cargo Charter is a global framework for assessing and disclosing the climate alignment of chartering activities. It is designed to help the shipping industry reduce emissions in line with the latest International Maritime Organization’s GHG strategy, which targets net-zero emissions by around 2050. The Sea Cargo Charter aligns with these goals by establishing a shared methodology to track, report, and promote emissions reductions.
As one of three initiatives based on the same foundational principles developed with the Global Maritime Forum, the Sea Cargo Charter joins the Poseidon Principles and the Poseidon Principles for Marine Insurance in fostering transparency and accountability in emissions reporting, contributing to the global fight against climate change.
More information on the Sea Cargo Charter, including how to join, can be found here.
About Diana Shipping Inc.
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.
Learn more about Diana Shipping Inc.’s sustainability initiatives by visiting their ESG reports.