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Stock Market & Financial Investment News

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January 25, 2013
08:51 EDTDSXDiana Shipping announces delivery of Kamsarmax dry bulk carrier, time charter
Diana Shipping announced that the company, through a separate wholly-owned subsidiary, took delivery of the m/v "Myrto", a 82,131 dwt newly built Kamsarmax dry bulk carrier that the company entered into an agreement to purchase in December 2012. As previously announced, the m/v "Myrto" is time chartered to Cargill International S.A., Geneva, 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. This employment is anticipated to generate approximately $4.86M of gross revenue for the minimum scheduled period of the charter.
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May 22, 2013
07:46 EDTDSXDiana Shipping reports Q1 EPS (4c), consensus (3c)
Reports Q1 revenue $42.6M, consensus $41.54M.
May 21, 2013
08:45 EDTDSXDiana 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 EDTDSXDiana Shipping announces time charter contract for m/v Baltimore with RWE
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