Building Kamsarmax News

Dry bulk shipowner Diana Shipping announced it has signed a letter of intent (LOI) to order through Marubeni Corporation or its guaranteed nominee, an unaffiliated third party, two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of $46 million each, built at Tsuneishi Group (Zhoushan) Shipbuilding Inc., China.The vessels are expected to be delivered by the second half of 2027 and the first half of 2028 respectively. The transaction remains…

Euroseas Ltd, an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that it took delivery of the previously announced acquisition of the newbuilding. The newbuilding Hull DY 160, to be renamed Alexandros P, is a 63,500 dwt Ultramax dry bulk carrier built in January 2017. Aristides Pittas, Chairman and CEO of Euroseas commented: "We are very pleased to complete the acquisition of Alexandros P, an Ultramax drybulk carrier the construction of which we have supervised over the last two years. The Company has a fleet of 14 vessels, including one Kamsarmax drybulk carrier…

Euroseas Ltd., Greek owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced that it took delivery of the M/V RT Dagr, a 1,645 teu feeder containership built in 1998. As previously announced, the vessel was purchased by issuing 900,000 shares of the Company's common stock. The Company also announced that it agreed to sell for scrap the M/V Eleni P, a 72,119 dwt 1997-built drybulk carrier. The M/V Eleni P is the oldest drybulk vessel in the Company's fleet and is expected to be delivered to its buyers in the beginning of January 2017. Aristides Pittas…

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through two separate wholly-owned subsidiaries, it signed two addenda with China Shipbuilding Trading Company, Limited and Jiangnan Shipyard (Group) Co., Ltd., to extend the delivery dates of the two Newcastlemax dry bulk carriers, Hull No. H2548 and Hull No. H2549. The delivery date of the Hull No. H2548  has been extended from September 29, 2016 to not earlier than December 26, 2016 and not later than December 30, 2016 while the delivery date of the Hull No. H2549 has been extended from November 30, 2016 to not earlier than March 13, 2017 and not later than March 20, 2017.

Greek dry bulk ship owner Diana Shipping announced it entered into a time charter contract with Glencore Grain B.V., Rotterdam for one of its Panamax dry bulk vessels. The vessel in question is the 77,901 dwt MV Ismene, which was hired at a gross charter rate of $ 5,850 per day, minus a 5% commission paid to third parties. The charter commenced on August 7. The 2013-built  Panamax dry bulk vessel was chartered for a period of about ten to thirteen months. The employment is anticipated to generate approximately $1.67mln of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s fleet currently consists of 46 dry bulk vessels (2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 23 Panamax).

The Great Eastern Shipping Company took delivery of a new building Kamsarmax dry bulk carrier Jag Ajay. Great Eastern Shipping Company Ltd has informed the Bombay Stock Exchange regarding a Press Release dated June 30, 2016 titled: G E Shipping takes delivery of a new building Kamsarmax Dry Bulk Carrier "Jag Ajay". The vessel was ordered by GE Shipping in December 2013 and has been built at Jiangsu New Yangzi Shipbuilding Co. Ltd., P.R. China. With the inclusion of this vessel, the company's current fleet stands at 33 vessels, comprising 23 tankers (7 crude carriers, 14 product tankers, 2 LPG carrier) and 10 dry bulk carriers (5 Kamsarmax, 5 Supramax) with an average age of 9.97 years aggregating 2.48 mn dwt.

Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Nidera S.P.A., Roma, for one of its Panamax dry bulk vessels, the m/v Oceanis. The gross charter rate is US$5,200 per day, minus a 5% commission paid to third parties, for a period of minimum nine (9) months to maximum eleven (11) months. The charter is expected to commence immediatey. The “Oceanis” is a 75,211 dwt Panamax dry bulk vessel built in 2001. This employment is anticipated to generate approximately US$1.4 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s fleet currently consists of 46 dry bulk vessels (2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 23 Panamax).

Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$6,250 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The charter is expected to commence tomorrow. The “Crystalia” is a 77,525 dwt Ice Class Panamax dry bulk vessel built in 2014. This employment is anticipated to generate approximately US$2.06 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s fleet currently consists of 46 dry bulk vessels (2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 23 Panamax).

Diana Shipping Inc. through a separate wholly-owned subsidiary, has entered into a time charter contract with Transgrain Shipping B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Thetis. The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties, for a period of minimum ten months to about thirteen months. The charter is expected to commence on June 16, 2016. The “Thetis” is a 73,583 dwt Panamax dry bulk vessel built in 2004. This employment is anticipated to generate approximately US$1.55 million of gross revenue for the minimum scheduled period of the time charter, says a press note from the global shipping company specializing in the ownership of dry bulk vessels.

The Great Eastern Shipping Company has entered into an agreement to cancel the new building Kamsarmax which was scheduled for delivery in FY 18 (contract signed in FY 14). Simultaneously, the Company has contracted for purchase of two newbuilding resale Kamsarmaxes being built at the same shipyard, due to be delivered in Q2 FY 17. The transactions collectively are value accretive. The company also reported of having contracted to sell its 1999 built Aframax ship Jag Laxmi (about 105,051 dwt). The Korean-built vessel will be delivered to the new buyer in Q1 FY 2016-17. G E Shipping’s current fleet stands at 32 vessels, comprising 23 tankers (8 crude carriers…

Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Quadra Commodities S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Medusa. The gross charter rate is US$6,300 per day, minus a 5% commission paid to third parties, for a period of up to minimum March 15, 2017 to maximum July 30, 2017. The charter commenced yesterday. The “Medusa” is a 82,194 dwt Kamsarmax dry bulk vessel built in 2010. This employment is anticipated to generate approximately US$2.15 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.expects to take delivery of one Panamax dry bulk vessel by the end of April 2016…

Diana Shipping Inc. today announced that through a separate wholly-owned subsidiary, it has taken delivery of the m/v Selina (formerly “Sunshine”), a 2010 built Panamax dry bulk vessel of 75,700 dwt that the Company entered into an agreement to purchase in February 2016. As previously announced, the Company signed, through two separate wholly-owned subsidiaries, a term sheet with ABN AMRO Bank N.V. for a term loan facility of up to US$25.755 million to finance the entire acquisition cost of m/v Infinity 9 (tbr. “Ismene”), that was delivered to the Company on March 21, 2016 and the newly delivered m/v Selina. The m/v Selina is chartered to Dampskibsselskabet Norden A/S…

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Narina Maritime Ltd, fully guaranteed by Cerrahgil Denizcilik Nakliyat ve Tic. A.S., for one of its Panamax dry bulk vessels, the m/v Coronis. The gross charter rate is US$4,750 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The charter is expected to commence on March 19, 2016. The “Coronis” is a 74,381 dwt Panamax dry bulk vessel built in 2006.

Diana Shipping has  chartered the 73,630 dwt, 2004-built panamax, Protefs to Transgrain shipping for 12 – 16 months at a rate of $4,500 per day minus 5% commission. This employment is anticipated to generate approximately US$1.55 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s fleet currently consists of 43 dry bulk vessels (2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 20 Panamax). Diana Shipping also expects to take delivery of three Panamax dry bulk vessels by the end of March 2016, one new-building Newcastlemax dry bulk vessel during the third quarter of 2016, as well as one new-building Newcastlemax dry bulk vessel and one new-building Kamsarmax dry bulk vessel during the fourth quarter of 2016.

Greek dry bulk shipping company Diana Shipping has entered into a time charter agreement with Geneva-based SwissMarine Services S.A. for its Capesize dry bulker the m/v Houston. The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The charter is expected to commence on January 30, 2016. The “Houston” is a 177,729 dwt Capesize dry bulk vessel built in 2009. This employment is anticipated to generate approximately US$1.7 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s fleet currently consists of 43 dry bulk vessels (2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 20 Panamax).

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Houston. The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The charter is expected to commence on January 30, 2016. The “Houston” is a 177,729 dwt Capesize dry bulk vessel built in 2009. This employment is anticipated to generate approximately US$1.7 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Aliki. The gross charter rate is US$5,300 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The charter is expected to commence tomorrow. The “Aliki” is a 180,235 dwt Capesize dry bulk vessel built in 2005. This employment is anticipated to generate approximately US$1.75 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc. announced that yesterday it signed, through three separate wholly-owned subsidiaries, a term loan facility for up to US$75,734,900 with The Export-Import Bank of China. The purpose of this facility is to partially finance, after delivery, the acquisition cost of two new-building Newcastlemax dry bulk vessels of approximately 208,500 dwt each and one new-building Kamsarmax dry bulk vessel of approximately 82,000 dwt. The signing of the relevant shipbuilding contracts was announced by the Company on May 21, 2013 and January 8, 2014, respectively. Based on latest information received from the yards, the one new-building…

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from an unaffiliated third party the m/v Churchill Bulker, a 2011 built Capesize dry bulk vessel of 179,362 dwt, for a purchase price of $28.5 million. The vessel, to be renamed Seattle, is expected to be delivered to the buyer by mid-November 2015. Excluding the newly acquired vessel, as well as one new-building Capesize dry bulk vessel expected to be delivered to the Company by mid-November 2015, one new-building Newcastlemax dry bulk vessel expected to be delivered to the Company during the second quarter of 2016…

Diana Shipping Inc. today reported a net loss of $17.4 million and net loss attributed to common stockholders of $18.8 million for the third quarter of 2015, compared to net income of $7.7 million and net income attributed to common stockholders of $6.3 million reported in the third quarter of 2014. Time charter revenues were $38.9 million for the third quarter of 2015, compared to $45.1 million for the same quarter of 2014. The decrease in time charter revenues was mainly due to decreased time charter rates in the quarter and was partly offset by revenues derived from the increase in ownership days resulting from the enlargement of our fleet.

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,  has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Seattle. The gross charter rate is US$7,300 per day minus a 4.75% commission paid to third parties, for a period of about eleven (11) months to maximum fourteen (14) months. The charter is expected to commence on December 9, 2015. The “Seattle” is a 179,362 dwt Capesize dry bulk vessel built in 2011. This employment is anticipated to generate approximately US$2.3 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc. today announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles. The gross charter rate is US$7,750 per day, minus a 5% commission paid to third parties, for a period of about twelve (12) months to about fifteen (15) months. The charter commenced today. The “Los Angeles” is a 206,104 dwt Newcastlemax dry bulk vessel built in 2012. The Company also announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Dampskibsselskabet Norden A/S, Copenhagen, for one of its Panamax dry bulk vessels, the m/v Danae.

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it agreed to extend the present time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Capesize dry bulk vessels, the m/v Santa Barbara, for a period of minimum twelve (12) months to maximum fifteen (15) months. The gross charter rate is US$7,500 per day minus a 5% commission paid to third parties. The new charter period is expected to commence on December 18, 2015. The “Santa Barbara” is a 179,426 dwt Capesize dry bulk vessel built in 2015. The Company also announced that…