Diana Shipping Signs $52 Million Capesize Deal

diana shipping logoDiana Shipping (NYSE: DSX) signed a Memorandum of Agreement with Pioneer Shipping yesterday to purchase the 179,134 dwt M/V JK Pioneer for a total consideration of USD $52 million.   The 2013-built bulk carrier is currently on charter to Oldendorff Carriers GmbH & Co. KG at a gross charter rate of US$11,500 per day and was delivered this spring from Hyundai Heavy Industries.

Diana Shipping notes the vessel will be renamed “P. S. Palios” and will be delivered mid-November 2013.

Excluding this vessel, as well as a Kamsarmax dry bulk vessel expected to be delivered on October 10, 2013, Diana Shipping’s fleet currently consists of 34 dry bulk vessels including:
  • 2 Newcastlemax
  • 9 Capesize
  • 3 Post-Panamax
  • 2 Kamsarmax
  • 18 Panamax
In addition, Diana Shipping also expects to take delivery of 2 new-building Ice Class Panamax dry bulk vessels between the fourth quarter of 2013 and the first quarter of 2014, and 2 new-building Newcastlemax dry bulk vessels during the second quarter of 2016.