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Bhp Billiton Marketing Ag News

15 Jun 2007

Diana Shipping Takes Delivery of Bulk Carrier

Diana Shipping Inc. took delivery of the newly-built Semirio, a 174,261 dwt Capesize dry bulk carrier, built by Shanghai Waigaoqiao Shipbuilding Co. Ltd. period with one year extension at the charterer's option. For the first two years of the charter the gross daily charter hire rate will be $51,000 and during the third and fourth years of the charter will be $31,000. The charterer has the option to employ the vessel for a further 11-13 month period at a daily charter rate of $48,500. The charter commenced today. During the initial two years, this employment is expected to generate gross revenues of approximately $35.7 million and is expected to generate gross revenues of $21.7 million during the third and fourth years, amounting to a total of $57.4 million.

06 Feb 2007

Diana Shipping Announces New Capesize Vessel Acquisition

Diana Shipping Inc. has signed a Memorandum of Agreement with an unaffiliated third party for the purchase of a Capesize dry bulk carrier of approximately 175,000 dwt, currently under construction by Shanghai Waigaoqiao Shipbuilding Co., Ltd., for the price of $98 million. The vessel, to be named Semirio, is expected to be delivered to the company by the sellers immediately upon completion of its construction on or about June 15, 2007. period with one year extension at the charterer's option. For the initial period of about 47 to 49 months, the gross daily charter hire rate will be $51,000 during the first two years of the charter and $31,000 during the third and fourth years of the charter.