Diana Shipping Takes on Carrier Contracts

Wednesday, September 20, 2006
Diana Shipping Inc. assumed shipbuilding contracts from two unnamed parties for construction of two Capesize dry bulk carriers for $120.8 million. The carriers, priced at $60.4 million each, will be built by Shanghai Waigaoqiao Shipbuilding Co. and are expected to be delivered during the second quarter of 2010. Capesize carriers are a shipping designation for vessels which must travel around Africa's Cape of Good Hope because they are too large for transit of the Suez Canal. Diana Shipping also said it arranged with Fortis Bank a $62 million secured term loan, which the company plans to use to pay pre-delivery installments for the dry bulk carriers. Diana noted that the loan requires no principal payments before delivery of the ships and may be refinanced then. (Source: AP)
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Baltic Sea Freight Index Flat on Muted Vessel Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained steady on Thursday due to a muted vessel activity.

Liebherr Opens African Maritime Hub

Liebherr Maritime Cranes celebrated the grand opening of the new sales and service center in Durban, South Africa. The new African maritime hub was opened by a

Finance

Golden Ocean and Knightsbridge Complete Merger

The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

Panama Canal Sets Sight on Another Expansion

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion

Baltic Sea Freight Index Flat on Muted Vessel Activity

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained steady on Thursday due to a muted vessel activity.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2358 sec (4 req/sec)