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Stock Market & Financial Investment News

News Breaks
January 15, 2013
07:47 EDTDSXDiana Shipping announces time charters for m/v Nirefs and m/v Myrto
Diana Shipping announced that it has entered into a time charter contract with Intermare Transport GmbH, Hamburg, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v Nirefs. The gross charter rate is $8,000 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 end of January. Additionally, the company has entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly-owned subsidiary, for its Kamsarmax dry bulk carrier, the m/v Myrto, at a gross charter rate of $9,000 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 upon delivery of the vessel to the company. These employments are anticipated to generate a total of approximately $9.2M of gross revenue for the minimum scheduled period of the charters.
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April 28, 2015
07:38 EDTDSXDiana Shipping acquires Kamsarmax dry bulk vessel
Diana Shipping announced that on April 27, it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from an unaffiliated third party the m/v Torm Island, a 2010 built Kamsarmax dry bulk vessel of 82,194 dwt, for a purchase price of $18.05M. The vessel is expected to be delivered to the buyer during the second quarter of 2015. The company also announced that it signed, through a separate wholly-owned subsidiary, an agreement to acquire from an different unaffiliated third party a new-building Capesize dry bulk vessel of approximately 180,000 dwt, being built by Shanghai Waigaoqiao Shipbuilding Co., Ltd., for a purchase price of $43M The vessel, "Hull No. H136, is expected to be delivered to the buyer during August 2015. The second transaction is subject to final negotiation and execution of a novation agreement among the builders, the buyer and the seller.

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