Diana Shipping Purchases Capesize Dry Bulk Vessel

MarineLink.com
Tuesday, October 08, 2013

Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that yesterday it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase from an unaffiliated third party the m/v JK Pioneer, a 2013 built Capesize dry bulk vessel of 179,134 dwt, for a price of $52,000,000. The vessel, to be renamed P. S. Palios, is expected to be delivered to the buyer in mid-November 2013.

The vessel is currently chartered to Oldendorff Carriers GmbH & Co. KG, Luebeck, Germany, at a gross charter rate of $11,500 per day, minus a 5% commission paid to third parties. Based on the existing charterparty, the charterer has the option to redeliver the vessel at any time before, but not later than March 30, 2014.

Excluding the newly acquired vessel, as well as a Kamsarmax dry bulk vessel expected to be delivered to the company on October 10, 2013, Diana Shipping Inc.'s fleet currently consists of 34 dry bulk vessels (two Newcastlemax, nine Capesize, three Post-Panamax, two Kamsarmax and 18 Panamax). In addition, the company also expects to take delivery of two newbuilding Ice Class Panamax dry bulk vessels between the fourth quarter of 2013 and the first quarter of 2014, and two newbuilding Newcastlemax dry bulk vessels during the second quarter of 2016. As of today, the combined carrying capacity of our fleet, excluding the six vessels not yet delivered, is approximately 3.8 million dwt with a weighted average age of 6.7 years.

dianashippinginc.com

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Reflex Marine to Bring FROG-6 into Mexico

Reflex Marine has been granted approval by the Mexican Merchant Marines to sell its crane transfer device, the FROG-6, in Mexico. The certification is a result

Euronav Books Profit from Sale of Chartered Ship

The owner of the 157,258 dwt containership Cap Isabella (built 2013), a vessel which Euronav had on bareboat charter, decided to sell the vessel to an unrelated third party.

Seaborne Ethane and Demand for a New Ship Type

Lloyd's Register report looks at the commercial landscape, regulatory issues and technical realities of a new trade in ethane emerging as a result of increased U.

Vessels

Euronav Books Profit from Sale of Chartered Ship

The owner of the 157,258 dwt containership Cap Isabella (built 2013), a vessel which Euronav had on bareboat charter, decided to sell the vessel to an unrelated third party.

MacGregor Wins Stena RoRo Conversion Job

MacGregor, part of Cargotec, has received a contract from Stena North Sea Ltd. to convert the 29,800gt RoPax ferry Dieppe Seaways to optimize it for its new route

First N.American Boat Powered by Volvo Penta IPS

Thomas Paine, the new 50-ft. aluminum patrol boat that joined the Massachusetts Environmental Police fleet in July, is the first commercial vessel in North America

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.2593 sec (4 req/sec)