Simeon Palios News

Semiramis Paliou has been named chief executive officer of Greek dry bulk shipowner Diana Shipping, replacing her father Simeon Palios who will remain as chairman.Paliou has served as a director of the company since March 2015, deputy CEO since October 2019 and chief operating officer since August 2018. She has more than 20 years of experience in shipping, having begun her career at Lloyd's Register in 1996.Paliou's appointment is part of a series of senior management changes…

Simeon Palios, chairman and CEO of Greek shipowner Diana Shipping, has tested postitive for COVID-19, and the company's board has appointed his daughter, deputy CEO Semiramis Paliou, as acting CEO on a temporary basis.As of March 24, Diana's fleet consists of 41 dry bulk vessels (four Newcastlemax, 13 Capesize, five Post-Panamax, five Kamsarmax and 14 Panamax), with a combined carrying capacity of 5.1 million dwt with a weighted average age of 9.52 years.

Diana Shipping announced the appointment of Ms. Semiramis Paliou to the office of Deputy Chief Executive Officer, effective immediately.Ms. Paliou has served as a director of the Company since 2015 and as Chief Operating Officer since 2018, and will continue to serve in these roles, said the global shipping company specializing in the ownership of dry bulk vessels.It is expected that the company’s current Chief Executive Officer and Chairman, Simeon Palios, will remain fully engaged in his current role. The appointment was made by the unanimous decision of the board of directors upon the recommendation of the company’s independent Nominating Committee.Commenting on the appointment…

Diana Shipping announced that, effective August 1, 2018, the Company increased the size of its Board of Directors from nine to eleven members.The global shipping company specializing in the ownership of dry bulk vessels appointed Christos Glavanis to serve as a Class I Director and appointed Mr. Andreas Michalopoulos, the Company’s Chief Financial Officer and Treasurer, to serve as a Class III director, in each case effective August 1, 2018.The Board has determined that Glavanis is an “independent director” as such term is defined under the Securities Exchange Act of 1934, as amended, and the New York Stock Exchange Listing Manual.Christos Glavanis has over 30 years of experience in the audit profession…

Diana Shipping announced that on July 23, 2018, it received the full and final repayment of the loan to Diana Containerships Inc.Simeon Palios, Director, Chief Executive Officer and Chairman of the Board of the global shipping company specializing in the ownership of dry bulk vessels, said: “We are delighted that our loan to Diana Containerships Inc. originally agreed in May 2013 and refinanced in June 2017 was repaid in full and ahead of schedule."He added: "In addition to the full repayment of the outstanding principal amount, the Company received aggregate interest and other payments, including a discount premium in the amount of US$5.0 million…

Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels,  announced that it has priced its previously announced underwritten public offering of 17,500,000 common shares, par value US$0.01 per share, at a price of US$4.00 per share. The Company has granted the underwriters an over-allotment option for a period of 30 days from the closing of this offering to purchase up to an additional 2,625,000 shares of common stock at the public offering price, less underwriting discounts. As part of the offering, entities affiliated with Simeon Palios, the Company’s Chief Executive Officer and Chairman, executive officers and certain directors, have agreed to purchase an aggregate of 5,500,000 common shares at the public offering price.

Diana Shipping Inc. has amended its existing loan agreement to a wholly-owned subsidiary of Diana Containerships to defer some payments under a new schedule. Diana Containerships Inc. is a former wholly-owned subsidiary of the Company, of which the Company currently owns approximately 25.7% of the issued and outstanding common shares. The amendment to the Loan was unanimously approved by the independent directors of the Company. Pursuant to the terms of the amendment, the repayment of all outstanding principal amounts shall be deferred until the later of (i) the repayment or prepayment in full by Diana Containerships Inc. of the principal amount of US$8…

Diana Shipping Inc. has signed, through three separate wholly-owned subsidiaries, three Memoranda of Agreement to acquire from a related party three Panamax vessels for an aggregate purchase price of $39.8 million. These vessels are the m/v Sunshine, a 2010 built Panamax dry bulk vessel of 75,700 dwt, the m/v Manzoni, a 2013 built Panamax dry bulk vessel of 75,403 dwt and the m/v Infinity 9, a 2013 built Panamax dry bulk vessel of 77,901 dwt, all built by Jiangnan Shipyard (Group) Co., Ltd. The delivery of the vessels to the buyers is expected by the end of March 2016. The company has agreed to acquire the vessels from entities affiliated with Semiramis Paliou and Aliki Paliou, each of whom is a family member of the company’s Chairman and Chief Executive Officer.

Dry bulk shipping company Diana Shipping and Wilhelmsen Ship Management (WSM) have joined forces in a new 50/50 joint venture named Diana Wilhelmsen Management Limited (DWM). DWM, to be based in Limassol, Cyprus, and will commence operations by the end of June. It will begin operations by providing management services to "a limited number of vessels of Diana Shipping's fleet" and ultimately plans to provide management services to unaffiliated third-party vessel operators. “With our joint venture we see the best from two well established organisations. WSM’s excellent quality and proven experience within ship management, coupled with Diana’s global ship operating experience, truly brings forward an exciting new formula.

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, and Wilhelmsen Ship Management (“WSM”) today announced that they have established a new 50/50 joint venture named Diana Wilhelmsen Management Limited (“DWM”). Diana Wilhelmsen Management Limited will initially provide management services to a limited number of vessels of Diana Shipping’s fleet when the joint venture commences operations later in the second quarter of this year and may in the future provide management services to unaffiliated third party vessel operators. The DWM office will be located in Limassol, Cyprus. Chairman and Chief Executive Officer of Diana Shipping Inc., Mr.

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that it has entered into an agreement to purchase shares of the common stock of Diana Containerships Inc. for an aggregate purchase price of $40 million. Concurrently with the company's investment, two institutional investors not affiliated with the company or Diana Containerships together purchased $40 million of common shares, and Simeon Palios, Chairman and Chief Executive Officer of the company and Diana Containerships…