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Sunday, June 11, 2023

Diana Shipping secures $200m loan for nine modern ultramax dry bulk vessels

Diana Shipping Inc. announced that on September 30, 2022, it signed a term loan facility with Nordea Bank Abp, through nine wholly-owned subsidiaries, in the amount of up to US$200 million.

The purpose of the senior secured term loan facility is the partial financing of the nine modern ultramax dry bulk vessels, of which the company expects to take delivery during the fourth quarter of 2022.

Upon completion of the previously announced acquisition of the nine dry bulk vessels, Diana Shipping Inc.’s fleet will consist of 43 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8 Panamax and 9 Ultramax).

As of today, the combined carrying capacity of the Diana Shipping’s fleet, excluding the nine dry bulk vessels not yet delivered, is approximately 4.4 million dwt with a weighted average age of 10.40 years.

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