ATHENS, GREECE – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that on December 20, 2012 it signed, through a separate whollyowned subsidiary, a Memorandum of Agreement to acquire a new-building Kamsarmax dry bulk carrier of 82,131 dwt, built by Tsuneishi Shipbuilding Co., Ltd., Japan, from an unaffiliated third party seller for a purchase price of US$26.5 million.
The vessel, to be named “Myrto”, is expected to be delivered at the end of January 2013.
Separately, the Diana Shipping also announced that yesterday it signed a term loan facility with Nordea Bank Finland Plc, London Branch, and today completed the drawdown of US$20 million. The purpose of this facility was to partially finance the acquisition costs of the two newly built Post-Panamax dry bulk carriers, the M/V Amphitrite and M/V Polymnia, which were delivered on August 14, 2012 and November 20, 2012, respectively.
The Kamsarmax was developed in 2002 by Tsuneishi Shipbuilding in response to an order received for a Panamax bulk carrier. Designed to meet the specified requirements, the Kamsarmax was so named since it is the largest vessel that can enter Port Kamsar in the Republic of Guinea.
Including the M/V Myrto, Diana Shipping Inc.’s fleet currently consists of 31 dry bulk carriers (17 Panamax, 1 Kamsarmax, 3 Post-Panamax, 8 Capesize and 2 Newcastlemax), as well as 2 new-building Ice Class Panamax vessels expected to be delivered to the Company during the fourth quarter of 2013. As of today, the combined carrying capacity of our current fleet, excluding the three vessels not yet delivered, is approximately 3.4 million dwt with a weighted average age of 6.0 years.
(Bloomberg) — Ukraine’s fight against Russia’s invasion has entered a new phase, pitting homegrown drone technology against a 2,000 kilometer (1,200 mile) swathe of largely Soviet-era oil facilities. At least...
March 19 (Reuters) – Tanker company Euronav will exit Belgium’s blue-chip Bel-20 index after just two days of trading, as it no longer meets the membership conditions after its takeover by Compagnie Maritime...
MOSCOW, March 19 (Reuters) – The new head of Russia’s Navy was formally presented in his new role for the first time on Tuesday at a pomp-filled ceremony, the state RIA news agency reported,...
March 19, 2024
Total Views: 2483
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.