Diana Shipping buys kamsarmax bulk carrier and capesize newbuilding

Diana Shipping buys kamsarmax bulk carrier and capesize newbuilding

London: Diana Shipping has paid a combined $61.05m for a capesize newbuilding and a kamsarmax bulk carrier.

The NYSE-listed owner paid $43m for the 180,000-dwt cape, which is being built in China by Shanghai Waigaoqiao Shipbuilding. This is the lowest recorded price paid for a cape resale since 2012, according to data from VesselsValue.com

The transaction is subject to the finalisation of a novation agreement among the builders, the buyer and the seller, Diana said today.

The cape is expected to be delivered to the buyer during August and will be renamed New Oreleans.

The kamsarmax Torm Island (82,194 dwt, built 2010) was acquired from Shikishima Kisen for $18.05m.

The vessel will be delivered during the second quarter this year and will be renamed Medusa.

The two bulk carriers were acquired through subsidiary companies of Diana Shipping.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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