• Home
  • News
  • Diana Shipping agrees to a loan of US$82.6M to Diana Containerships
  • 2017 July 6 10:31

    Diana Shipping agrees to a loan of US$82.6M to Diana Containerships

    Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, has agreed to refinance its existing loan facility with Diana Containerships Inc. (NASDAQ: DCIX), having an outstanding balance of US$42.6 million, with a loan facility of US$82.6 million, which reflects an additional loan amount to Diana Containerships of US$40.0 million, the Company said in a press release.

    The loan also has an additional US$5.0 million interest-bearing amount, which is classified as discount premium. The loan matures in eighteen (18) months and bears interest at the rate of 6% per annum for the first twelve (12) months, scaled to 9% for the next three (3) months, and further scaled to 12% for the remaining three (3) months of the loan. The loan facility includes financial and other covenants.

    Diana Shipping Inc.’s Independent Director, Mr. Apostolos Kontoyannis, has commented that: “We are very pleased that the new facility is secured with better terms and conditions, especially after the full and final settlement that Diana Containerships Inc. successfully obtained with The Royal Bank of Scotland plc by repaying US$85.0 million for its outstanding loan amount of US$128.9 million.”    
    Diana Shipping Inc.’s fleet currently consists of 51 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 23 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.9 million dwt with a weighted average age of 7.93 years.

    About the Company
    Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.


2022 August 19

18:10 An important milestone for the Hapag-Lloyd and DAL integration
17:57 IAA PortNews’ summary of past week news
17:39 USC to introduce enhanced financial control of shipbuilding contracts
17:18 Diana Shipping announces sale and leaseback of m/v New Orleans and m/v Santa Barbara
17:02 Danube water levels drop exposed wrecks of German warships sunken in 1944 – Reuters
16:55 RUB 6 billion needed to support Far East shipyards to offset their investment in building crab catchers - Denis Manturov
16:27 APM Terminals attracts new services to support booming Latin American trade routes
16:01 SCZONE’s MDC and DP World sign a contract for a logistic zone in Sokhna
15:40 Shipbuilding facilities have to be upgraded for implementation of new projects by 2030 — Denis Manturov
15:22 ABS Rules guide new greener OSV
15:03 Capacity utilisation within Russia’s shipbuilding sector is quite high - Denis Manturov
14:39 CMA CGM Group and WHOI launch acoustic monitoring buoy off the coast of Savannah, to increase whale monitoring efforts
14:19 A.P. Moller - Maersk engages in green bio-methanol partnership with Debo
14:04 New operator of Sakhalin 2 project, Sakhalin Energy LLC, commences operation
13:52 APM Terminals wins auction for UPI-B Cais Sul bid, confirms investments in Suape
13:21 Xeneta real-time container rates update: Week 33
12:19 OOCL announces 2022 interim results
11:48 Port of Baku reports 15.7-pct increase of its cargo throughput in H1'2022
11:24 AKA and e-Link join hands to accelerate net-zero waterway transportation
11:07 Vladimir Putin emphasized the need to minimize delays in civil shipbuilding schedules
10:32 China ports Jan-Jul container volume rises 4.2%,Ningbo Containerized Freight Index drops in August
10:04 Morten Holm Christiansen becomes interim CFO at Topsoe
09:50 Global Ports’ revenue in H1’2022 rose by 18.2% YoY to $271.6 million
09:16 Crude oil futures fall on concerns over economic growth slowdown
08:56 MABUX: Global bunker prices to continue firm upward evolution on Aug 19

2022 August 18

18:41 Yilport Holding appoints co-CEO
18:01 Propulsion and hull design can significantly reduce shipping emissions and lower underwater noise - VTT
17:42 Ghana Chamber of Shipping becomes Associate ICS member
17:31 Boskalis posts H1 2022 results
17:15 Posh acquires offshore construction vessel from BOA
16:45 Port of Aberdeen and Stillstrom to collaborate on pioneering cleantech
16:42 Daugavgriva shore reinforcement continues by the order of the Freeport of Riga Authority
16:10 Anaergia’s Toender plant to supply CO2 to European Energy A/S for green E-methanol production as fuel for container ships
15:50 Norsepower signs agreement with Dalian Shipbuilding to install Rotor Sails onboard two newbuild CO2 carrier vessels
15:33 Mechel attributes decrease in coal sales in 1H'22 to limited carrying capacity of railroads leading to FE ports
15:14 Fluxys, ArcelorMittal Belgium and North Sea Port start a feasibility study for the Ghent Carbon Hub project
14:41 Europe experiences its worst drought in 500 years - Xclusiv Shipbrokers
14:21 APM Terminals adds new services to support booming Latin American trade routes
14:15 21 ships shipped 563,318 tonnes of food products from Ukrainian ports from 1 August 2022
14:01 Global Maritime Services launches Marine Advisory for the FSRU & LNG sector
13:31 China to lift fishing ban in a phased manner in August and September - Standard Club
13:10 Ardmore Shipping expands presence in Singapore to support energy transition plan
13:04 MABUX: Bunker Weekly Outlook, Week 33, 2022
12:40 The average vessel utilisation on the major head-haul trades continues to be below the threshold - Sea-Intelligence
12:37 Over 3,000 TEU transported between Russia and Europe by FESCO European Railway Network
12:20 ABS contracted to address barriers to adoption of advanced nuclear technology at sea
12:00 Maersk Tankers welcomes Korean SK Energy as a pool partner
11:40 Kalmar terminal tractors chosen by Maldives Ports
11:20 KiwiRail selects MAN's engines for new ferries
11:03 Royal IHC and Karnafuly Ship Builders sign contracts for design, engineering and equipment of four CSDs
10:36 Port of Oakland July volume drops 28 percent in July 2022
10:23 Port of Los Angeles container volume up to record 935,345 TEU in July 2022
10:14 Overhaul of Berth No. 29 drainage networks completed in Vostochny port
09:57 Port of Long Beach welcomes Pasha Hawaii LNG-powered ship
09:15 Crude oil futures are slightly up driven by a number of factors
08:46 MABUX: Global bunker indices may turn to upward changes on Aug 18

2022 August 17

18:37 NFE and Apollo funds complete $2 bln LNG maritime joint venture
18:07 Steerprop to supply a complete propulsion package for first-of-its-kind Wind Installation Vessel
17:31 Svitzer brazil strengthens fleet with two newbuilds
17:23 SFL Corporation agrees to acquire four Suezmax tankers in combination with long term charters