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Stock Market & Financial Investment News

News Breaks
February 14, 2013
09:03 EDTDSXDiana Shipping acquires Kamsarmax dry bulk carrier for EUR14.76M
Diana Shipping announced that on February 11, through a separate wholly-owned subsidiary, the company was the successful bidder at an auction that took place in France, for the m/v "Valeria Della Gatta", a 2009-built Kamsarmax dry bulk carrier of 82,193 dwt, built by Tsuneishi Shipbuilding Co. Ltd., Japan, for a purchase price of EUR14.76M. Separately, the company also announced that it has entered into a time charter contract with ADM International Sarl, Rolle, Switzerland, through a separate wholly-owned subsidiary, for one of its Post-Panamax dry bulk carriers, the m/v Alcmene. The gross charter rate is $7,250 per day, minus a 5% commission paid to third parties, for a period of about 18 months to maximum 24 months. The charter is expected to commence on February 23.
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