Key Developments: Diana Shipping Inc (DSX)
10.23USD
23 May 2013
$0.12 (+1.19%)
$10.11
$10.00
$10.37
$9.85
1,824,712
1,149,619
$11.09
$5.89
Latest Key Developments (Source: Significant Developments)
Diana Shipping Inc's Subsidiary Announces Acquisition Of Capesize Dry Bulk Carrier
Diana Shipping Inc announced that through a separate wholly owned subsidiary, a Memorandum of Agreement to purchase from an unaffiliated third party the m/v Tamou, a 2005 built Capesize dry bulk carrier of 177,243 dwt, for a purchase price of USD27,020,202, less 1% address commission to the Buyer. The vessel, to be renamed Baltimore, is expected to be delivered to the Buyer by the end of May 2013. Full Article
Diana Shipping Inc Announces Time Charter Contract For M/V Melia With Rio Tinto
Diana Shipping Inc announced that it has entered into a time charter contract with Rio Tinto Shipping Pty, Ltd., Melbourne, Australia, through a separate wholly owned subsidiary, for one of Panamax dry bulk carriers, the m/v Melia. The gross charter rate is USD9,700 per day, minus a 3.75% commission paid to third parties, for a period of about 11 months to maximum 13 months. The charter is expected to commence on April 16, 2013. Full Article
Diana Shipping Inc's Subsidiaries Announces Charter Contracts
Diana Shipping Inc announced that it has entered into a time charter contract with Intermare Transport GmbH, Hamburg, through a separate wholly owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Nirefs. The gross charter rate is USD8,000 per day, minus a 5% commission paid to third parties, for a period of minimum 18 months to maximum 24 months. The charter is expected to commence at the end of January 2013. The Company also announced that it has entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly owned subsidiary, for its Kamsarmax dry bulk carrier, the m/v Myrto, at a gross charter rate of USD9,000 per day, minus a 5% commission paid to third parties, for a period of minimum 18 months to maximum 24 months. The charter is expected to commence upon delivery of the vessel to the Company. These employments are anticipated to generate a total of approximately USD9.2 million of gross revenue for the minimum scheduled period of the charters. Full Article
Diana Shipping Inc Secures Contract From Augustea Bunge Maritime Limited
Diana Shipping Inc announced that it has entered into a time charter contract with Augustea Bunge Maritime Limited, Malta, through a separate wholly owned subsidiary, for one of Post-Panamax dry bulk carriers, the m/v Polymnia. The gross charter rate is USD7,600 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen months to maximum twenty-four months. The charterer has the option to further employ the vessel for about eleven to maximum thirteen months at a gross charter rate of USD11,000 per day, less a 5% commission paid to third parties. The optional period must be declared by the charterer no later than twenty-two months after the delivery of the vessel to the charterer. The charter is expected to commence in mid-January 2013 and the optional period, if exercised, will start as of the end of the twenty-fourth month. Full Article
Diana Shipping Inc Announces Time Charter Contract For m/v Erato With Cargill
Diana Shipping Inc announced that it has entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly owned subsidiary, for one of Panamax dry bulk carriers, the m/v Erato. The gross charter rate is USD6,500 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen months to maximum twenty-four months. The charter is expected to commence at the middle of January 2013. Full Article
Diana Shipping Inc Announces Time Charter Contracts for M/V Norfolk With Clearlake, M/V Alcyon With EDF and M/V Melite With Cargill
Diana Shipping Inc announced that it has entered into time charter contracts for three of its vessels. The Company has entered into a time charter contract with Clearlake Shipping Pte. Ltd., Singapore, through a separate wholly-owned subsidiary, for one of its Capesize dry bulk carriers, the m/v Norfolk. The gross charter rate is USD10,700 per day, minus a 4.5% commission paid to third parties, for a period of minimum 18 months to maximum 24 months. The charter is expected to commence at the beginning of January 2013. Additionally, the Company has entered into a time charter contract with EDF Trading Limited, UK, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Alcyon, at a gross charter rate of USD7,750 per day, minus a 5% commission paid to third parties, for a period of minimum 23 to maximum 29 months. The charter is expected to commence at the end of December 2012. The Company also has entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly-owned subsidiary, for another of its Panamax dry bulk carriers, the m/v Melite, at a gross charter rate of USD7,750 per day, minus a 5% commission paid to third parties, for a period of minimum 18 to maximum 24 months. The charter is expected to commence at the beginning of January 2013. Full Article
Diana Shipping Inc. Announces Acquisition Of New-Building Post-Panamax Dry Bulk Carrier
Diana Shipping Inc. announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement, to acquire a new-building Post-Panamax dry bulk carrier of 98,697 dwt, built by Tsuneishi Group (Zhoushan) Shipbuilding Inc., from a third party seller for a purchase price of $25 million. The vessel, to be named Amphitrite, is expected to be delivered to the Company by the sellers in mid-August 2012. Full Article
Diana Shipping Inc. Announces Time Charter Contract for M/V Salt Lake City With Morgan Stanley
Diana Shipping Inc. announced that it has entered into a time charter contract with Morgan Stanley Capital Group Inc., through a separate wholly-owned subsidiary, for one of its Capesize dry bulk carriers, the m/v "Salt Lake City". The gross charter rate is USD13,000 per day, minus a 5% commission paid to third parties, for a period of minimum 22 months to maximum 28 months. The charter is expected to commence in the beginning of August 2012. This employment is anticipated to generate approximately USD8.6 million of gross revenue for the minimum scheduled period of the charter. The Salt Lake City is a 171,810 dwt Capesize dry bulk vessel built in 2005. Full Article
Diana Shipping Inc. Announces Time Charter Contract For M/V Dione With EDF
Diana Shipping Inc. announced that it has entered into a time charter contract with EDF Trading Limited, London, through a separate wholly owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Dione, at a gross charter rate of $9,700 per day, minus a 5% commission paid to third parties, for a period of minimum 24 months to maximum 29 months. The charter is expected to commence in mid-July 2012. This employment is anticipated to generate approximately $6.98 million of gross revenue for the minimum scheduled period of the charter. Full Article
Diana Shipping Inc. Announces Time Charter Contract For m/v Arethusa
Diana Shipping Inc. announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the m/v Arethusa, at a gross charter rate of USD13,250 per day, minus a 5% commission paid to third parties, for a period of about 11months to about 13 months. The charter is expected to commence early July 2011. This employment is anticipated to generate approximately USD4.2 million of gross revenue for the minimum scheduled period of the charter. Full Article
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