Danae News

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Salt Lake City.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$9,750 per day, minus a 4.75% commission paid to third parties, for a period of minimum 20 months to maximum 23 months. The charter is expected to commence on March 14, 2019.The “Salt Lake City” is a 171,810 dwt Capesize dry bulk vessel built in 2005.This employment is anticipated to generate approximately…

Diana Shipping 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, the m/v San Francisco.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$16,000 per day, minus a 5% commission paid to third parties, for a period of minimum 19 months to about 22 months. The charter commenced earlier today.The “San Francisco” is a 208,006 dwt Newcastlemax dry bulk vessel built in 2017.This employment is anticipated to generate approximately US$9.12…

Diana Shipping has announced time charter contracts for m/v Newport News and m/v Los Angeles with SwissMarine.The 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 Newcastlemax dry bulk vessels, the m/v Newport News.The gross charter rate is US$16,500 per day, minus a 5% commission paid to third parties, for a period of minimum 16 months to maximum 19 months. The “Newport News” is a 208,021 dwt Newcastlemax dry bulk vessel built in 2017.The provider of shipping transportation services through its ownership of dry bulk vessels also announced that…

Diana Shipping 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 Capesize dry bulk vessels, the m/v Houston.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$10,125 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to about 17 months. The charter commenced on February 17, 2019.The “Houston” is a 177,729 dwt Capesize dry bulk vessel built in 2009.This employment is anticipated to generate approximately US$4.25 million of gross revenue for the minimum scheduled period of the time charter.Upon completion of the previously announced sales of two Panamax dry bulk vessels…

Diana Shipping announced that it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to sell to two affiliated parties, the m/v Danae and m/v Dione, each a 2001-built dry bulk vessel, for US$7.2 million each.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the sale of the Vessels was approved by disinterested directors of the Company and were sold at a price equal to the higher of two independent broker valuations.The Company expects the m/v Danae to be delivered to her buyers at the latest by June 28, 2019 and the m/v Dione to her buyers at the latest by April 15…

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Danae.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$8,100 per day, minus a 5% commission paid to third parties, for a period of minimum 11 months to maximum 14 months. The charter is expected to commence later today.The “Danae” is a 75,106 dwt Panamax dry bulk vessel built in 2001.This employment is anticipated to generate approximately US$2.67 million of gross revenue for the minimum scheduled period of the time charter.Diana Shipping Inc.’s fleet currently consists of 48 dry bulk vessels (4 Newcastlemax…

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Erato. The gross charter rate is US$10,500 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to maximum 17 months. The new charter period is expected to commence on December 30, 2017. The m/v Erato is currently chartered, as previously announced, at a gross charter rate of US$7,250 per day, minus a 5% commission paid to third parties. The “Erato” is a 74,444 dwt Panamax dry bulk vessel built in 2004.

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. Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Santa Barbara (formerly Hull No. BC18.0-51), a 179,426 dwt newly built Capesize dry bulk vessel that the company entered into an agreement to purchase in December 2014. The company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Vroon Dry Cargo Chartering B.V., Breskens, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is $7,500 per day, plus $237,500 ballast bonus, minus a 5% commission paid to third parties, for a period of minimum nine months to maximum 13 months. The charter is expected to commence January 17, 2015.

ATHENS, Greece, April 5, 2011 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Hyundai Merchant Marine Co., Ltd., Seoul, South Korea for one of its Panamax dry bulk carriers, the m/v Danae, at a gross charter rate of US$15,600 per day, minus a 5% commission paid to third parties, for a period of minimum twenty-three (23) months to maximum twenty-five (25) months. The charter is expected to commence by the end of April, 2011.

Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, announced that it has entered into a time charter contract with Augustea Atlantica Srl, Naples, Italy, or their fully guaranteed nominee, for one of its Panamax dry bulk carriers, the M/V Danae, at a gross daily charter rate of $12k for a period of about twenty-two to about twenty-four months. The charter is expected to commence on or about April 6, 2009 and will further increase the company's employment cover through 2010 and into early 2011. This employment is expected to generate approximately $8m of gross revenues for the minimum scheduled period of the charter. The m/v Danae is a 75,106 dwt Panamax dry bulk carrier built in 2001.

The ultra competitive Greek ferry market has not only proven to be a fertile breeding ground for advanced marine technology, it has served as a role model for the direction of shipping services in both the region and the world. The Greek market has provided the collective builders and suppliers of advanced fast and conventional ferries a rich environment for business over the past few months, a trend that seems likely to continue. Specifically, Greek owners and operators have been at the forefront of an international buying binge for large, fast passenger, vehicle and cargo carrying craft. Driven by the need for speed, many owners are turning to advances in marine electronic and propulsion systems to ensure that the multi-million dollar investments are kept running safe and efficient.

Diana Shipping Puts Its Panamax Carrier Danae on a 2-Year Charter at a Daily Rate of $29,400 Diana Shipping Inc., which owns and operates a fleet of dry bulk vessels, has signed the Panamax carrier Danae to a time charter contract with Hanjin Shipping Co. of Seoul, according to the AP. Athens, Greece-based Diana Shipping said the charter would span between 22 months and 25 months at a daily rate of $29,400. The employment will start on April 22 and the company expects it will generate about $20 million over its charter period.

(Sale Prices in Millions of $) Date Name DWT Built (age) $ BULKCARRIERS 12/04/06 STX QINGDAO 16,500 98( 8) $18.5 12/12/06 ASEAN EXPRESS 17,665 77(29) $2.8 12/04/06 SIDER TIS 18,200 98( 8) $18.5 12/12/06 BOLKAR 18,427 81(25) $4.8 12/12/06 SIDER PINK 18,500 06( 0) $22.5 12/12/06 DS REGENT 20,001 03( 3) $21.5 12/20/06 NEW EXPLORER 22,201 93(13) $18 12/12/06 LARK 23,723 96(10) $21.5 12/12/06 ANODAD NAREE 25,502 80(26) $5.3 12/12/06 ATLANTIC ZEUS 26,842 86(20) $12 12/12/06 CK GOODFAITH 27,308 94(12) $20 12/12/06 OCEAN PREMIER 27,348 96(10) $22 12/20/06 BLU MISTRAL II 28,835 89(17) $17 12/12/06 CLIPPER HARVEST 33,418 04( 2) $36 12/12/06 CLIPPER HORIZON 33,418 04( 2) $36 12/04/06 CRUSADER 38,110 82(24) $7 12/04/06 LEADER 38,110 83(23) $7.8 12/04/06 NICHOLA

Minoan Flying Dolphins Acquires Five Ferries Minoan Flying Dolphins, a subsidiary of Minoan Lines, has acquired five used ferries that service routes linking the port of Piraeus with islands in the Saronic Gulf. The ferries are F/B Nefeli, F/B Georgios, F/B Saronikos, F/B Eftyhia and F/B Express Danae. "The move implements part of the company's business plan in the Saronic routes, a market of about three million passengers annually," a Minoan Flying Dolphins spokesperson said, without disclosing the cost of the acquisitions. The spokesperson said the five ferries transport about 800,000 passengers and 100,000 cars and generate revenues of about $6.3 million annually. Minoan Lines plans to list Minoan Flying Dolphins on the Athens bourse in 2000.

Freight rates for forward positions in the panamax sector continue to remain soft despite higher levels attracted by the prompt and spot markets, shipbrokers said on Tuesday. While charterers have to pay a premium for panamaxes available for spot and prompt loading dates due to a squeeze on the supply of ships, the high levels of panamax tonnage available for September loading started to put pressure on owners and force them to accept rate discounts. The negative vibes in the forward physical panamax market also affected the panamax over-the-counter markets, shipbrokers also said. They cited among the best August fixtures the charter, by grain house Cargill, of the newly built Danae, of 75,106 dwt.

MSC (Europe) Ltd., the European subsidiary of Maritime Services Corporation, Hood River, Ore. is currently handling various projects throughout the U.K. and Europe, mainly a $2 million conversion of a fast ferry into a casino vessel for Israeli-based Athissa Shipping. MSC provided ship units, project management and fitters for installation of duty free and other shops onboard Fred Olsen's MV Black Watch. The company also installed galley modifications and waste handling equipment onboard Arcalia Shipping's Princess Danae at A&P Falmouth. The company has further extended its expansion capabilities with new offices in Cape Canaveral and Ft. Lauderdale, Fla. to meet the growing demands in these markets.

Minoan Flying Dolphins, a subsidiary of Minoan Lines, has five used ferries to service routes linking the port of Piraeus with islands in the Saronic Gulf. The ferries are F/B Nefeli, F/B Georgios, F/B Saronikos, F/B Eftyhia and F/B Express Danae. The five ferries transport about 800,000 passengers and 100,000 cars. The cost of the transaction was not disclosed. Minoan Lines plans to list Minoan Flying Dolphins on the Athens bourse in 2000.