Newcastlemax Duo Joins Diana Shipping’s Fleet

Image Courtesy: Diana Shipping

Athens-based dry bulk owner has taken delivery of two 208,500 dwt Newcastlemax newbuildings, the MV San Francisco and the MV Newport News, that were contracted in May 2013.

MV San Francisco is time chartered to Singapore’s Koch Shipping at a gross charter rate of USD 11,750 per day for a period of twelve to about sixteen months.

Expected to commence on January 6, 2017, this employment is anticipated to generate around USD 4.23 million of gross revenue for the minimum scheduled period of the time charter.

The second Newcastlemax bulker, MV Newport News, is scheduled to start working for SwissMarine Services on January 9 under a charter deal for a period of twenty-two to twenty-six months.

Additionally, Diana Shipping said it completed a drawdown of USD 57.24 million from its previously announced term loan facility with The Export-Import Bank of China.

The purpose of this drawdown is to partially finance the acquisition cost of the two Newcastlemax newbuildings.

Diana Shipping’s fleet currently consists of 48 dry bulk vessels with a combined carrying capacity of 5.7 million dwt.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2017 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

10th annual Border Security Conference

The 2017 conference will possibly be the most relevant and topical event to date as we enter our 10th successive year. With the rise of cross…

read more >

4th Ship Recycling Congress

The two day conference will consist of a number of informative presentations followed by interactive Q&A sessions, panel discussions…

read more >

Maritime Reconnaissance and Surveillance Technology 2017

After last year’s huge success the SMi Group is proud to announce the 2nd Maritime Reconnaissance and Surveillance Technology. The event…

read more >

Euromaritime 2017

The Euromaritime event will take place in Europe for three days. This is one of the major and influential trade events dealing with marine…

read more >