Whollyowned Subsidiary News

20 Nov 2019

Cargill Extends Diana Shipping Charter

Polymnia. Pic: Diana Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.According to the global shipping company specializing in the ownership of dry bulk vessels,  the gross charter rate is US$11,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum eleven months to about thirteen months.The new charter period commenced on November 15…

14 Nov 2019

Diana Shipping Fixes Medusa with Cargill

Pic: Diana Shipping Inc

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 Kamsarmax dry bulk vessels, the m/v Medusa.The gross charter rate is US$11,000 per day, minus a 4.75% commission paid to third parties, for a period of about 11 months to maximum 13 months, said the global shipping company specializing in the ownership of dry bulk vessels.The new charter period is expected to commence on November 15…

07 Nov 2019

Diana Shipping Sells Panamax Bulker

Pic: Diana Shipping

Diana Shipping announced that it has signed through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2005-built vessel “Clio”.The global shipping company specializing in the ownership of dry bulk vessels said that the delivery to the buyer is expected latest by November 29, 2019. The sale price of of Clio is US$7.4 million before commissions, it said.Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 42 dry bulk vessels (4 Newcastlemax…

20 Oct 2019

Castor Maritime Acquires Third Panamax Bulker

Pic: Castor Maritime

Cyprus-based dry bulk shipping company Castor Maritime has acquired its third Panamax dry bulk carrier for $10.2mln.The global shipping company specializing in the ownership of dry-bulk vessels informed that through a separate wholly-owned subsidiary, it has entered into an agreement to purchase a 2005 Japan built Panamax dry bulk carrier from a third party  in which a family member of Castor’s Chairman, Chief Executive Officer and Chief Financial Officer has an interest.The acquisition…

13 Oct 2019

Diana Shipping Inks TC with Al Ghurair

Polymnia. Image: Diana Shipping Inc

Greek dry bulk owner Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Al Ghurair Resources International L.L.C., Dubai, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.According to a press release from the global shipping company specializing in the ownership of dry bulk vessels, the gross charter rate is US$14,500 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to about 14 months.The charter is expected to commence on October 23, 2019, it said.

10 Oct 2019

MISC Secures ExxonMobil LNG Tanker Contract

Photo: MISC

MISC Berhad (MISC) through its wholly-owned subsidiaries have secured agreements with Exxon Mobil Corporation’s wholly-owned subsidiary, SeaRiver Maritime LLC (SeaRiver) for the time charter contracts of two Liquefied Natural Gas (LNG) carriers.Each of the LNG carriers will respectively serve the transportation needs of ExxonMobil’s worldwide LNG portfolio on a 15-year charter contract.Prior to this, MISC, through the same subsidiaries have also signed an agreement with Samsung Heavy Industries Co., Ltd. (SHI) for the construction of the LNG carriers in Korea.

29 Sep 2019

Keppel Sells Logistics Units to Sinotrans

Image: Keppel Corporation Limited.

Keppel Telecommunications & Transportation (Keppel T&T) has entered into agreements to divest its entire stakes in Keppel Logistics (Foshan) Co (KLF) and Keppel Logistics (Hong Kong) to Sinoway Shipping, a subsidiary of Sinotrans Limited, for about S$39 million.Expected to be completed in 2019, the proposed divestments are in line with Keppel T&T's strategy to unlock value and recycle capital, allowing the company more flexibility to pursue other opportunities.Thomas Pang, CEO of Keppel T&T…

27 Aug 2019

Performance Shipping Sells a Panamax

Pic: Performance Shipping

Greece-headquartered shipping transportation services company Performance Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party a panamax container vessel.According to the NASDAQ-listed company the 2005-built vessel “Pamina” will be delivered to the buyer latest by November 15, 2019.The sale price of US$9.125 million before commissions, said the global provider of shipping transportation services through its ownership of vessels.Upon completion of the aforementioned sale…

05 Aug 2019

Performance Shipping Adds Tanker to Fleet

File Pic: Performance Shipping Inc.

Greece-based Performance Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/t Blue Moon.The 2011-built Aframax tanker vessel of 104,623 dwt was formerly “Maersk Jeddah”, said the global provider of shipping transportation services through its ownership of vessels.Including the newly delivered m/t Blue Moon, Performance Shipping Inc.’s fleet currently consists of 4 container vessels (2 Post-Panamax and 2 Panamax) and 1 Aframax…

17 Jul 2019

Diana Shipping Fixes Selina with Ausca

Pic: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina.The global shipping company specializing in the ownership of dry bulk vessels, said that the gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of minimum seven months to maximum nine months.The charter commenced on July 15…

01 Jul 2019

Diana Shipping Fixes Atalandi with Uniper

M/v Atalandi. Pic: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$12,250 per day, minus a 5% commission paid to third parties, for a period of minimum 11 months to about 13 months. The charter is expected to commence on July 7…

27 Jun 2019

Diana Shipping Fixes Semirio with Cargill

Semirio. Photo courtesy:  Diana Shipping Inc

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 Semirio.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$16,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum 15 months to maximum 18 months. The charter is expected to commence on July 1, 2019.The “Semirio” is a 174,261 dwt Capesize dry bulk vessel built in 2007.

14 Jun 2019

Diana Shipping Sells Thetis

Pic: Diana Shipping

Diana Shipping, through a separate wholly-owned subsidiary, has entered into a Memorandum of Agreement to sell the 2004-built Panamax bulker m/v Thetis to an undisclosed buyer.The global shipping company specializing in the ownership of dry bulk vessels said that the delivery of Thetis to the buyer is scheduled for latest by July 31, 2019. The sale price is US$6.4 million before commissions.Upon completion of the aforementioned, Diana Shipping Inc.’s fleet will consist of 44 dry bulk vessels (4 Newcastlemax…

10 Jun 2019

Diana Shipping Signs Charter Contracts

Pic: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Singapore Marine Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v New York.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$15,500 per day, minus a 5% commission paid to third parties, for a period of minimum 17 months to about 19 months. The charter commenced on June 7…

05 Jun 2019

Diana Shipping Fixes P. S. Palios with SwissMarine

Pic: Diana Shipping

Diana Shipping 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 P. S. Palios.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$17,500 per day, minus a 5% commission paid to third parties, for a period of about eight months to about nine months.The charter commenced earlier today. The m/v P. S. Palios was chartered, as previously announced, to Koch Shipping Pte.

30 May 2019

Diana Shipping Fixes m/v Leto with Uniper

Pic: Diana Shipping Inc.

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Panamax dry bulk vessels, the m/v Leto.The shipping company specializing in the ownership of dry bulk vessels, the gross charter rate is US$13,000 per day, minus a 5% commission paid to third parties, for a period of minimum 11 months to maximum 13 months.The charter is expected to commence on May 31, 2019.

02 May 2019

Diana Shipping Fixes Arethusa with Ausca

m/v Arethusa. Image:   Diana Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Arethusa.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$9,150 per day, minus a 5% commission paid to third parties, for a period of minimum twelve months to maximum fifteen months.The charter is expected to commence later today, it said.

15 Apr 2019

Diana Shipping Sells Dry Bulker Erato

Pic:  Diana Shipping Inc.

Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2004-built vessel “Erato”.The global shipping company specializing in the ownership of dry bulk vessels said that the delivery to the buyer is expected latest by June 10, 2019. The sale price is US$7.0 million before commissions.Upon completion of the aforementioned sale and the previously announced sale of a Panamax dry bulk vessel…

10 Apr 2019

Diana Fixes New Orleans with Cargill

New Orleans. Pic: Diana Shipping Inc.

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 New Orleans.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$15,000 per day, minus a 4.75% commission paid to third parties, for a period of about 16 months to about 19 months. The charter commenced earlier yesterday (April 10).The “New Orleans” is a 180…

08 Apr 2019

Diana Shipping Fixes Phaidra with Uniper

Phaidra. Photo: Diana Shipping

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$10,800 per day, minus a 5% commission paid to third parties, for a period of about 14 months to about 16 months.The new charter period is expected to commence on April 11, 2019.

08 Mar 2019

Diana Shipping Fixes 'Salt Lake City' with Cargill

Salt Lake City. Pic: Diana Shipping

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…

05 Mar 2019

Diana Fixes m/v San Francisco with Koch

M/V San Francisco. Pic: Diana Shipping Inc

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…

03 Mar 2019

Subsea 7 Buys-back Shares

Pic: Subsea 7 S.A.

With the market looks upbeat, Luxembourg-based subsea services vessel owner Subsea 7 announced a share buy-back programme."Reflecting Subsea 7’s strong financial and liquidity position and improving market outlook as well as a rebalancing of cash returns to favour share repurchases, the Board of Directors authorised a new share repurchase programme of up to USD 200 million," said a press release from the subsea engineering, construction and services company serving the offshore…

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

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