Another Post-Panamax Bulker Joins Diana’s Fleet

Image Courtesy: Diana Shipping

Greek dry bulker owner Diana Shipping has taken delivery of the m/v Electra, a 2013 built Post-Panamax dry bulk vessel that the company bought in April 2017.

Formerly known as Grain May, the 87,150 dwt bulker, built by Chinese Hudong Zhonghua, is valued at USD 18.7 million, according to VesselsValue’s estimates.

The ship was bought in an en bloc transaction from US-based Foremost Maritime Corporation.

The first ship from the batch already joined the company’s fleet earlier in May. Renamed to m/v Phaidra, the 2013-built Post-Panamax vessel was previously known as Soya May.

Also in April, Diana Shipping bought a Kamsarmax bulker from Thenamaris.

The latest Greek-flagged bulker addition brings Diana Shipping’s fleet to 51 dry bulk vessels, comprising 4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 23 Panamax ships. Hence, the combined carrying capacity of the shipowner’s fleet is approximately 5.9 million dwt with a weighted average age of 7.83 years.

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