Diana Shipping Wraps Up USD 27.9 Million Drawdown

Athens-based bulker owner and operator Diana Shipping has completed a drawdown of additional USD 27,9 million from its previously announced term loan facility of up to USD 39,6 million with ING Bank N.V., London Branch.

The proceeds, completed through Diana’s separate wholly-owned subsidiary, were secured by the newbuild Capesize vessel New Orleans.

The 180,960 dwt bulker m/v New Orleans joined the company’s fleet on November 10, 2015. The vessel started its charter contract with SwissMarine Services S.A., Geneva, the following day.

Diana Shipping’s fleet currently consists of 43 dry bulk vessels. The company also expects to take delivery of one newbuilding Newcastlemax dry bulk vessel during the second quarter of 2016, as well as one new Kamsarmax and one new Newcastlemax dry bulker during the third quarter of 2016.

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