Greece: Diana Shipping Acquires Capesize Bulk Carrier ‘Tamou’

Diana Shipping Acquires 'Tamou' Bulk Carrier

Diana Shipping Inc. , a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it signed yesterday, through a separate wholly-owned subsidiary (the “Buyer”), 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 US$27,020,202, less one percent 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.

Including the aforementioned vessel Diana Shipping Inc.’s fleet currently consists of 33 dry bulk carriers (2 Newcastlemax, 9 Capesize, 3 Post-Panamax, 2 Kamsarmax and 17 Panamax) as well as 2 new-building Ice Class Panamax vessels expected to be delivered to the Company during the fourth quarter of 2013. As of today, the combined carrying capacity of our current fleet, excluding the three vessels not yet delivered, is approximately 3.5 million dwt with a weighted average age of 6.1 years.

Diana Shipping, April 9, 2013

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