Marine Link
Tuesday, October 25, 2016

Diana Shipping Inks Contract for Bulk Vessel

January 8, 2014

Diana Shipping Inc., a shipping company specializing in the ownership of dry bulk vessels, has announced that it has signed, through a separate wholly owned subsidiary, a shipbuilding contract with Yangzhou Dayang Shipbuilding Co., Ltd. and Shanghai Sinopacific International Trade Co., Ltd., for the construction of a Kamsarmax dry bulk vessel of approximately 82,000 dwt for a contract price of US$28,824,900.


The Company expects to take delivery of the vessel during the second quarter of 2016. Excluding the aforementioned vessel, as well as 2 new-building Ice Class Panamax dry bulk vessels expected to be delivered to the Company during the first quarter of 2014 and 2 new-building Newcastlemax dry bulk vessels expected to be delivered to the Company during the second quarter of 2016, Diana Shipping Inc. (DSX-PB)'s fleet currently consists of 36 dry bulk vessels (2 Newcastlemax, 10 Capesize, 3 Post-Panamax, 3 Kamsarmax and 18 Panamax). As of today, the combined carrying capacity of our fleet, excluding the five vessels not yet delivered, is approximately 4.1 million dwt with a weighted average age of 6.61 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company's website,

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