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News Breaks | | | | January 7, 2013 | | 08:29 EDT |  | DSX | Diana Shipping announces time charter contract for m/v Erato with Cargill
Diana Shipping announced that it has entered into a time charter contract with Cargill International, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Erato. The gross charter rate is $6,500 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen months to maximum twenty-four months. The charter is expected to commence at the middle of January. This employment is anticipated to generate approximately $3.5M of gross revenue for the minimum scheduled period of the charter. | |
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| May 21, 2013 | | 08:45 EDT | | DSX | Diana Shipping agrees to loan up to $50M to Diana Containerships
Diana Shipping (DSX) announced that yesterday it agreed to loan up to $50M to Diana Containerships (DCIX), a former wholly-owned subsidiary of the company of which Diana Shipping currently owns approximately 10.4% of the issued and outstanding common shares. Under the terms of the loan agreement, one or more wholly-owned subsidiaries of Diana Containerships may borrow amounts under the loan to fund vessel acquisitions and for general corporate purposes. The loan matures on the fourth anniversary of the initial draw down date, and amounts drawn under the loan will bear interest at the rate of LIBOR plus 5.0% per annum. In addition, the borrower will pay the Company a variable back-end fee in an amount of up to 5.0%, in the aggregate, of the total amount outstanding under the loan. | | | May 10, 2013 | | 09:07 EDT | | DSX | Diana Shipping announces time charter contract for m/v Baltimore with RWE
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