Bulk Vessels

Diana Shipping Announces Time Charter Contract

 Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership  and operation of dry bulk vessels, entered into a time charter contract with Glencore Grain B.V., Rotterdam,  through a separate wholly-owned subsidiary, for one of its Kamsarmax  dry bulk carriers, the m/v Maia.   The gross charter rate is US$10,900  per day, minus a 5% commission paid to third parties, for a period of  about eighteen (18) months to maximum twenty-four (24) months. The  charter is expected to commence at the end of February 2013.  The Maia is a 82,193 dwt Kamsarmax dry bulk vessel built in 2009.    This employment is anticipated to generate approximately $5.7  million of gross revenue for the minimum scheduled period of the charter.  

Diana Shipping Inc. Announces Time Charter Contract

Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership  and operation of dry bulk vessels, has announced that it has entered  into a time charter contract with Rio Tinto Shipping Pty, Ltd.,  Melbourne, Australia, through a separate wholly-owned subsidiary, for  one of its Panamax dry bulk carriers, the m/v Melia.   The gross charter  rate is US$9,700 per day, minus a 3

Greece's NewLead Holdings Regain NASDAQ Compliance

NewLead Holdings Ltd. announce it has received written notification of its compliance from the NASDAQ Stock Market LLC. NewLead Holdings Ltd. is an international, vertically integrated shipping and commodity company that manages product tankers and dry bulk vessels. NewLead currently controls four vessels, two tankers and two dry bulk vessels. The notication indicates that NewLead has regained compliance with the minimum bid price requirement of $1

TORM Sale, Leaseback Agreement for Product Tanker

TORM has entered into a sale and leaseback agreement for the product tanker TORM Marie. The vessel has been sold for a total consideration of $46m. The transaction will be treated as a sale with an accounting profit of $7m.                                                                       

Israel Shipyard Wins $50m Contract

Israel Shipyards won two contracts, worth over $50 million, to build four general cargo ships for two European customers, according to a report on www.port2port.com. Israel Shipyards Ltd (ISL) has specialized in military shipbuilding. The first customer ordered two ships which will be employed by European cement manufacturers the second, a shipping company which operate some 50 vessels of similar size. The four 90 meters long vessels on order, are classified as dwt 4

Diana Shipping Acquires Bulk Carrier

  Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has agreed to purchase from an unaffiliated third party the MV "Vathy", a 2010 built Panamax dry bulk carrier of 81,297 dwt, for a price of $32.25m. The vessel, to be renamed "Leto", is expected to be delivered to the Company by the sellers during the first quarter of 2012.

Eagle Bulk Shipping Takes Delivery of Imperial Eagle

Eagle Bulk Shipping Inc. (Nasdaq:EGLE) announced that it has taken delivery of Imperial Eagle, a Future-56 class, 56,000 dwt Supramax dry bulk vessel. The vessel has entered into a one-year time charter tied to the Baltic Supramax Index (BSI), ensuring Eagle participates directly in strong rates in the spot market while retaining the stability of a one-year charter. The Imperial Eagle represents the final of five newbuilds constructed under contract with IHI Marine United, Inc

Star Beta Enters Time Charter

Star Beta Enters Time Charter Star Bulk Carriers Corp. (NASDAQ:SBLK) announced that the 1993-built Capesize vessel M/V Star Beta has entered into period employment with Brazil's Companhia Vale do Rio Doce (Vale) for a minimum of two and a maximum of four months at the gross daily rate of $15,500 for the first 50 days and $25,000 for the days beyond 50 plus a repositioning ballast bonus of $525,000. Following this employment

Diana Shipping Inks Two Time Charters

Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, has announced that it has entered into a time charter contract with Intermare Transport GmbH, Hamburg, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Nirefs.   The gross charter rate is US$8,000 per day, minus a 5% commission paid to third parties

Diana Shipping Inc. Announces Time Charter Contract

 Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, has  announced that it has entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Erato.   The gross charter rate is US$6,500 per day, minus a 5% commission paid to third parties