Another 2 new vessels for Diana Shipping

5 January 2017
137 Views

The NYSE-listed shipping group Diana recently announced the addition of two newly built vessels into its fleet, with the bulk carriers “San Francisco” and “Newport News” – both honoring well-known US ports — each able to transport 208,500 dwt.

The original construction contract for the two vessels was signed in May 2013.

The two additions bring the number of vessels managed by Diana Shipping, which is controlled by CEO and chairman Simeon Palios, to 48 bulk carriers — 5.7 million dwt and with an average age of 7.6 years.

According to reports, the “San Francisco” was chartered by Singapore’s Koch Shipping for a daily rate of 11,750 USD, minus a 5-percent commission, and over a period of 12 to 16 months.

The “Newport News” was chartered by the Geneva’s SwissMarine Services S.A. for a period of between 22 to 26 months.

Additionally, Diana Shipping announced that it recently borrowed 57.24 million USD from the Export-Import Bank of China to finance the purchase of the two vessels.

You may be interested

EU Poll: Greeks overwhelmingly convinced of widespread corruption
FINANCE
shares29 views
FINANCE
shares29 views

EU Poll: Greeks overwhelmingly convinced of widespread corruption

makis - Dec 12, 2017

Corruption in Greece is an ongoing political issue, that has been debated to death over the past 35 years. Now…

Turkish PM Yildirim escalates rhetoric against Greece
GREECE
shares31 views
GREECE
shares31 views

Turkish PM Yildirim escalates rhetoric against Greece

makis - Dec 12, 2017

Two days before his arrival in Greece, Turkish PM Binali Yildirim directly disputed the current Status Quo in the Aegean…

One in three Greeks unable to afford basic material goods
GREECE
shares55 views
GREECE
shares55 views

One in three Greeks unable to afford basic material goods

makis - Dec 12, 2017

One in three Greeks or 32% in 2016 were unable to enjoy basic material goods and social benefits, according to…

Leave a Comment

Your email address will not be published.