Building Newcastlemax News

Diana Shipping has signed a time charter agreement with Koch Shipping Pte. Ltd, Singapore, for one of its newcastlemax dry bulk vessels. Under the agreement, Koch will employ the 208,500 dwt newbuilding, to be named San Francisco, for a gross charter rate of $11,750 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to about 16 months. The charter is expected to commence on 6 January 2017. This employment is anticipated to generate approximately US$4.23 million of gross revenue for the minimum scheduled period of the time charter. Excluding the aforementioned vessel, Diana Shipping Inc.’s fleet currently consists of 46 dry bulk vessels (two newcastlemax, 14 capesize, three post-panamax, four kamsarmax and 23 panamax).

Diana Shipping has taken delivery of the m/v San Francisco (formerly Hull No. H2548)  and the m/v Newport News (formerly Hull No. H2549), two new building Newcastlemax dry bulk vessels that were contracted in May 2013. The m/v San Francisco has been time chartered to Koch Shipping Pte. Ltd. at a rate of $11,750 per day, for a period of minimum twelve (12) months to about sixteen (16) months. The charter is expected to commence on January 6, 2017. The employment is expected to generate approximate $4.2 million in gross revenues. The m/v Newport News has been time chartered to SwissMarine Services with employment expected to commence on Jan. 9, for a period of minimum twenty-two (22) months to maximum twenty-six (26) months.

Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, “Hull No. H2548” (to be named “San Francisco”), which is currently under construction. The gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to about sixteen (16) months. The charter is expected to commence on January 6, 2017. As previously announced, the m/v San Francisco is a newbuilding Newcastlemax dry bulk vessel of approximately 208,500 dwt. This employment is anticipated to generate approximately US$4.23 million of gross revenue for the minimum scheduled period of the time charter.

Greek dry bulk shipping company Diana Shipping has entered into time charter contracts for its two vessels, the M/V Orleans and the M/V Melite, which are scheduled to start in December 2016. "Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with Koch Shipping Pte Ltd, Singapore, for one of its ize dry bulk vessels, the m/v New Orleans," says a statement from the company. The gross charter rate is US$11,250 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum sixteen (16) months. The charter is expected to commence on December 10, 2016. The “New Orleans” is a 180,960 dwt Capesize dry bulk vessel built in 2015.

Diana Shipping Inc. today announced that, through a wholly-owned subsidiary, it provided a notice of cancellation of the shipbuilding contract with Yangzhou Dayang Shipbuilding Co., Ltd. and Shanghai Sinopacific International Trade Co., Ltd., dated January 8, 2014 (the “Contract”), and Addendum No. 1 to the Contract dated April 21, 2014 with Sumec Marine Co., Ltd. with respect to a Kamsarmax dry bulk carrier, Hull No. DY6006, with an original delivery date of May 31, 2016. The Company has exercised its right under the Contract to cancel the Contract due to a delay in delivery of 150 days after the original delivery date and to claim…

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).

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.

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. 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. 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. 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 Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Melite. The gross charter rate is $7,250 per day minus a 4.75 percent commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The charter is expected to commence tomorrow. The Melite is a 76,436 dwt Panamax dry bulk vessel built in 2004. This employment is anticipated to generate approximately $2.39 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (two Newcastlemax, 12 Capesize, three Post-Panamax, four Kamsarmax and 20 Panamax).

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…