Diana Shipping Buys Capesize Bulker

Diana Shipping Inc., Athens-based dry bulk shipping company, has added a Capesize dry bulk vessel of 179,362 dwt, the m/v Churchill Bulker, to its fleet.

The 2011-built dry bulker, to be renamed Seattle, was purchased for USD 28.5 million.

The ship is expected to be delivered by mid-November 2015.

Diana Shipping’s fleet currently consists of 41 dry bulk vessels (2 Newcastlemax, 12 Capesize, 3 Post-Panamax, 4 Kamsarmax and 20 Panamax).

As of today, the combined carrying capacity of the company’s fleet, excluding the five vessels not yet delivered, is approximately 4.7 million dwt with a weighted average age of 7.57 years.

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