Join our crew and become one of the 110,351 members that receive our newsletter.

Diana Shipping Continues Buying Spree

Diana Shipping Continues Buying Spree

gCaptain
Total Views: 33
March 30, 2012

Hot on the heels of yesterdays announcement from NYSE-listed dry bulk shipowner Diana Shipping (NYSE: DSX) calling for the constructing of two ice class Panamax dry bulk carriers, the company has today announced another addition to its fleet with the purchase of a 76,225 dwt bulk carrier from an unaffiliated third party.

In a statement, Diana Shipping said it will be purchasing the M/V Mining Star, a 2005 built Panamax dry bulk carrier of 76,225 dwt, for a price of US$20.65 million bringing the company’s two-day spending total to more than $78 million from so far undisclosed funds.  Upon delivery in mid-April, Diana Shipping will rename the vessel to “Melia”.

Excluding the “Melia”, Diana Shipping’s fleet currently consists of 26 dry bulk carriers consisting  of 16 Panamax vessels, 8 Capesize vessels, 1 Post-Panamax vessel and 1 Newcastlemax vessel, as well as 1 new building Newcastlemax vessel expected to be delivered during the second quarter of 2012 and 2 new building Ice Class Panamax vessels expected to be delivered during the fourth quarter of 2013.

According to the ship photo website, Shipspotting.com, the M/V Mining Star is owned and operated by     Statu Chartering & Shipping of Istanbul, Turkey.

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 110,351 members delivered daily straight to your inbox.