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Diana Shipping Plans Proxy Fight at Genco
Global shipping company Diana Shipping plans to launch a proxy fight to replace rival Genco Shipping & Trading's six current directors, making its decision just days after the board rejected Diana's takeover offer, two people familiar with the matter said.Diana Shipping, which owns nearly 15% of Genco and proposed buying all outstanding shares for $20.60 per share in cash, will nominate executives who have shipping and maritime industry experience in the coming days…
Genco Rejects Diana Shipping Offer
Genco Shipping & Trading Limited has firmly pushed back on takeover interest from Diana Shipping Inc., with its board unanimously rejecting a non-binding $20.60-per-share cash proposal that it says "significantly undervalues" the company and carries unacceptable execution risk.In a statement released January 13, Genco Shipping & Trading Limited said its board, acting on the recommendation of an independent committee and advised by external financial and legal counsel…
Maritime Companies Progress DEI Despite Political Headwinds
A new report from the All Aboard Alliance found that its 26 members have remained firm in their commitment to diversity, equity, and inclusion (DEI) despite political pushback against such initiatives from some factions.The All Aboard Alliance Insights 2025 uses a maturity analysis framework to indicate how member companies are performing against the Alliance’s five guiding principles: accountability…
Nine Ways to Improve Life at Sea
The Global Maritime Forum has launched the Sustainable Crewing Guidelines, nine recommendations to improve life at sea.The guidelines aim to boost working conditions and alleviate the forecasted shortfall of 90,000 trained seafarers by 2026 – a major risk to global supply chains and safety at sea.Co-developed by the Global Maritime Forum’s All Aboard Alliance with a consortium of 12 major shipping companies based on feedback from over 400 seafarers…
Diana Charters Kamsarmax Bulker to Paralos
Greek dry bulk shipowner Diana Shipping on Tuesday announced it has entered into a time charter contract with operator Paralos Shipping for one of its 2013-built Kamsarmax bulk carriers.The charter of the 81,513 dwt Astarte is expected to commence on August 18 and run through a minimum of July 15, 2025 up to maximum of September 15, 2025.
Diana Charters Ultramax Vessel to Stone Shipping
Dry bulk shipowner Diana Shipping announced it has entered into a time charter contract with Stone Shipping Ltd, for one of its Ultramax dry bulk vessels, DSI Polaris.The gross charter rate is US$15,400 per day, minus a 5% commission paid to third parties, for a period until minimum June 1, 2025 up to maximum August 15, 2025. The charter commenced retroactively as of July 20, 2024.The Marshall Islands registered DSI Polaris…
Windward Offshore to Equip CSOV Newbuild Duo with Seaonics’ Cranes
German shipowner Windward Offshore has ordered 3D Electric Controlled Motion Compensated (ECMC) cranes from Seaonics for two Commissioning Service Operation Vessels (CSOVs) being built by Norwegian shipbuilder VARD.The order marks Seaonics' first equipment delivery to Windward Offshore, a company founded by Blue Star Group, Diana Shipping and SeraVerse, in collaboration with and under the leadership of SeaRenergy Group.The first CSOV is scheduled for delivery in the second half of 2025…
Diana Shipping Orders Two Methanol Dual-fuel Bulkers
Greek shipowner Diana Shipping on Wednesday announced it has placed an order for two new methanol dual-fuel Kamsarmax bulk carriers from China's Tsuneishi Group (Zhoushan) Shipbuilding Inc.The 81,200 dwt newbuilds were ordered at a purchase price of $46 million each, Diana said. The vessels are expected to be delivered by the second half of 2027 and the first half of 2028, respectively.Diana in September…
Diana Shipping Sells Its Oldest Vessel
Diana Shipping on Tuesday announced it has reached a deal to sell its oldest vessel, an 18-year-old panamax bulk carrier.The Greek shipowner said it has reached a memorandum of agreement through one of its subsidiaries to sell the 76,942 dwt vessel Artemis to an undisclosed third-party buyer for $12.99 million. The ship is slated to be delivered to its new owner by March 8 at the latest.Artemis was built in 2006 by Japan's Namura Shipbuilding Co., Ltd.
Windward Offshore Orders Two More CSOVs from Vard
Windward Offshore has exercised its option for the design and construction for two additional hybrid commissioning service operation vessels (CSOV) from Vard.Windward Offshore, a consortium led by ASSC's offshore arm SeaRenergy Group in Germany, announced its initial order for two CSOVs from Vard in October 2023. Other founding partners behind the venture include Blue Star Group, Diana Shipping Inc.
Diana Shipping Announces Continuation of Time Charter for Amphitrite
Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the Amphitrite.The gross charter rate is $12,250 per day for the first 30 days of the charter period and $15…
Diana Shipping Announces Time Charter with K Line
Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Kawasaki Kisen Kaisha (K Line) for one of its Capesize dry bulk vessels, the New Orleans.The gross charter rate is US$20,000 per day, minus a 5% commission paid to third parties, for a period until minimum August 15, 2025 up to maximum October 31, 2025. The charter is expected to commence on December 7…
Ecochlor Signs CCS Letter of Intent
Ecochlor, Inc. has signed a Letter of Intent (LOI) with Diana Shipping Services and carbon capture and storage (CCS) specialist, Sinotech CCS for the installation of a Sinotech scrubber and CCS system onboard one of Diana Shipping’s capesize dry bulk carrier, the MV G.P. Zafirakis.This system is designed to capture 25% of the CO2 emitted within the exhaust gas and temporarily storing it onboard in liquified form (LCO2).
Diana Lines Up Time Charter with Bunge
Dry bulk shipowner Diana Shipping on Monday announced that it has lined up a time charter contract with agribusiness Bunge for one of its Ultramax dry bulk vessels, DSI Andromed—a 60,309 dwt Ultramax dry bulk vessel built in Japan in 2016.The charter, which Diana entered through a separate wholly-owned subsidiary, is expected to commence on November 24, 2023.The gross charter rate is $13,500 per day…
Offshore Wind: Newly Formed Consortium Orders Two CSOVs from VARD
The Windward Offshore consortium said Monday it had ordered two state-of-the-art Commissioning Service Operation Vessels (CSOV) from VARD to "establish a sturdy basis for its maritime asset services focusing on bolstering the burgeoning offshore wind industry."Winward Offshore is a consortium currently under establishment and is led by SeaRenergy Group in collaboration with Blue Star Group, Diana Shipping Inc.…
Diana Inks LOI to Order Methanol Dual-fuel Bulkers
Dry bulk shipowner Diana Shipping announced it has signed a letter of intent (LOI) to order through Marubeni Corporation or its guaranteed nominee, an unaffiliated third party, two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of $46 million each, built at Tsuneishi Group (Zhoushan) Shipbuilding Inc., China.The vessels are expected to be delivered by the second half of 2027 and the first half of 2028 respectively.
Diana Announces Vessel Time Charter with Solebay
Dry bulk shipping company Diana Shipping announced it has entered into a time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize vessels…
Group Set Up to Study Onboard Carbon Capture Technologies for Shipping Industry
Ship classification organization ABS said Tuesday it had joined an elite working group comprised of global maritime leaders to study onboard carbon capture technologies.The collaborative project brings together ABS, Diana Shipping Services S.A., Equinor ASA, GasLog LNG Services Ltd., Maran Gas Maritime Inc., Minerva Gas Inc., Neptune Lines Shipping and Managing Enterprises S.A., Norwegian Maritime Authority (NMA), Prime Tanker Management Inc., Solvang ASA, Springfield Shipping Co.
Diana Shipping Takes Delivery of 2016-built Ultramax
Dry bulk shipping company Diana Shipping announced it has taken delivery of a 2016-built Ultramax bulk carrier.Diana, through a separate wholly-owned subsidiary…
Diana Shipping Announces Time Charter with Cargill
Dry bulk shipping company Diana Shipping announced it it has entered into a time charter contract with Cargill for one of its Kamsarmax vessels.Under the deal, the 2011-built, 82,165 dwt Leonidas P.
