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Edf Trading Ltd News

16 Aug 2013

Diana, EDF Enter Dry Bulk Charter Agreement

Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, has announced that it has entered into a time charter contract with EDF Trading Ltd., U.K., through a separate wholly-owned subsidiary, for one of its Panamax dry bulk vessels, the m/v Thetis.  The gross charter rate is $8,300 per day, minus a 5% commission paid to third parties, for a period of minimum 22 months to maximum 27 months. The charter is expected commence by the end of August 2013. The Thetis is a 73,583 dwt Panamax dry bulk vessel built in 2004. This employment is anticipated to generate approximately $5.5 million of gross revenue for the minimum scheduled period of the charter.

18 May 2012

Diana Shipping Receives Newcastlemax Bulk Carrier

On May 16 Diana Shipping Inc. (NYSE:DSX) took delivery of the newly-built m/v "Philadelphia", a Newcastlemax dry bulk carrier of 206,040 dwt that was contracted in April 2010. As previously announced, the m/v "Philadelphia" is chartered to EDF Trading Ltd., London, at a gross rate of $18,000 per day, minus a 5% commission paid to third parties, for a minimum forty-four (44) to a maximum fifty (50) month period. The charter commenced yesterday. This employment is anticipated to generate approximately $23.76 million of gross revenue for the minimum scheduled period of the charter. The Company also announced that through one of its wholly owned subsidiaries…

08 Feb 2012

Diana Shipping Takes Delivery of Newcastlemax Bulk Carrier

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.