Another 2 new vessels for Diana Shipping

5 January 2017
29 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

IMF agrees on Greece’s progress, looks for “more specificity” on assumptions and debt measures
FINANCE
shares38 views
FINANCE
shares38 views

IMF agrees on Greece’s progress, looks for “more specificity” on assumptions and debt measures

Panos - May 23, 2017

Acknowledging the progress on the second review of the third bailout program, the Director of the IMF’s European Department Poul…

Russian PM: Turkish Stream will enter EU via Bulgaria or Greece
FINANCE
shares46 views
FINANCE
shares46 views

Russian PM: Turkish Stream will enter EU via Bulgaria or Greece

Panos - May 23, 2017

Russia is in negotiations with Greece and Bulgaria regarding the entry point on EU territory of the Turkish Stream gas…

Bloomberg: Hedge Fund Basks in World-Beating Surge for Greece’s Markets
FINANCE
shares52 views
FINANCE
shares52 views

Bloomberg: Hedge Fund Basks in World-Beating Surge for Greece’s Markets

Panos - May 23, 2017

The odyssey of Greece and its economic crisis has taken a positive turn in recent months, and hedge funds are…

Leave a Comment

Your email address will not be published.