Diana Takes a Loan

Diana Takes a Loan

Athens-based owner and operator of dry bulk carriers Diana Shipping signed a USD 50.16 million term loan facility with ABN AMRO BANK N.V.

Through three of its wholly-owned subsidiaries, Diana completed the drawdown secured by the vessels m/v New York, m/v Maia and m/v Myrto.

The total indebtedness of these vessels as at December 31, 2014 stood at USD 44.35 million with another bank, which the company repaid.

Diana’s fleet currently consists of 40 dry bulk vessels. The company also expects to take delivery of two new-building Newcastlemax dry bulk vessels and one new-building Kamsarmax dry bulk vessel during the second quarter of 2016.

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