Diana Shipping Inc. (NYSE:DSX) said this week that its subsidiary, Diana Shipping Services, has been sentenced to pay a $1.1 million fine and serve 3.5 years probation after being found guilty earlier this year of charges stemming from illegally discharging waste oil and oil-contaminated waste water from the bulk carrier, M/V Thetis. In August, Chief Engineer and 2nd … [Read more...]
Diana Shipping Signs $52 Million Capesize Deal
Diana 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 … [Read more...]
Diana Shipping and Shipboard Engineers Convicted in “Magic Pipe” Case
Chief Engineer Ioannis Prokakis and 2nd Engineer Antonios Boumpoutelos, both Greek citizens, along with their employer, Diana Shipping Services S.A., were judged guilty yesterday in a U.S. district court on charges related to the illegal discharge of waste oil and oil-contaminated waste water from the bulk carrier, M/V Thetis. All the defendants were convicted of conspiracy, … [Read more...]
Diana Shipping Signs Charter Contract with Cargill
Athens-based dry bulk shipper Diana Shipping (NYSE: DSX), has announced that it has entered into a time charter contract with Cargill for the 2005-built M/V Clio, a 73,691 Panamax dry bulk carrier. The gross charter rate is US$8,600 per day, minus a 4.75% commission paid to third parties, for a period of minimum of 21 months to maximum twenty-four 24 months. The charter is … [Read more...]
Outlook Brightens For Drybulk Shippers, But Fewer Left Afloat
By Swetha Gopinath and Thyagaraju Adinarayan June 28 (Reuters) - The outlook for the drybulk shipping market is brightening after a stormy four years, but only those shippers that managed to avoid getting swamped by debt are poised to take full advantage. Baltic Trading Ltd, Diana Shipping Inc and Navios Maritime Holdings Inc are among the handful of U.S.-listed companies … [Read more...]