Diana Shipping Takes Delivery of Newcastlemax Bulk Carrier

Wednesday, February 08, 2012
Diana Shipping Inc. (NYSE:DSX) took delivery of the newly-built m/v "Los Angeles", a Newcastlemax dry bulk carrier of 206,104 dwt that was contracted in April 2010. As previously announced, the m/v "Los Angeles" is chartered to EDF Trading Ltd., London, at a  gross rate of US$18,000 per day, minus a 5% commission paid to third parties, for a minimum forty-six (46) to a maximum fifty (50) month period. The charter is expected to commence tomorrow. 
This employment is anticipated to generate approximately $24.8m of gross revenue for the minimum scheduled period of the charter.
Separately, the Company also announced that on February 7, 2012, it completed the drawdown of $16.125m from a term loan facility with Nordea Bank Finland Plc, London Branch, through a wholly owned subsidiary. The purpose of this facility is to partially finance the acquisition cost of the m/v "Leto" which was delivered to the Company on January 16, 2012. 
The Company also announced today that on February 6, 2012 it entered into a time charter contract with EDF Trading Ltd., London, for one of its Panamax dry bulk carriers, the m/v "Thetis", at a gross charter rate of US$10,500 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen (18) months to maximum twenty-eight (28) months. The charter is expected to commence in mid-February. 
This employment is anticipated to generate approximately US$5.7 million of gross revenue for the minimum scheduled period of the charter. Including the newly-delivered m/v "Los Angeles", Diana Shipping Inc.'s fleet currently consists of 26 dry bulk carriers (16 Panamax, 1 Post-Panamax, 8 Capesize and 1 Newcastlemax) with a weighted average age of 5.9 years. The Company also previously announced one additional Newcastlemax new-building dry bulk carrier that is expected to be delivered during the second quarter of 2012. A table describing the current Diana Shipping Inc. fleet can be found on the Company's 
 
 
 
 
 
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Container Ships

Drug Interception at Red Hook Container Terminal

Approximately 121 pounds of heroin and eight pounds of cocaine were discovered in a shipping container of vegetables that was moving from Ecuador to Miami, Fla.

China COSCO to be First through the Expanded Panama Canal

China COSCO Shipping has won the draw for its container vessel Andronikos to make the ceremonial first transit through the Expanded Panama Canal during the waterway’s inauguration on Sunday, June 26.

EU Clears CMA CGM, NOL Merger, with Conditions

The European Commission said on Friday it had cleared French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines on condition that NOL pulls out from a rival shipping alliance.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.0528 sec (19 req/sec)