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Diana Shipping gets $76m loan for Newcastlemaxes from Export-Import Bank of China

Photo of Holly Birkett Holly BirkettJanuary 8, 2016
5 Less than a minute
Diana Shipping

Greece’s Diana Shipping has signed a term loan facility for up to $75,734,900 with the Export-Import Bank of China.

The loan will be used to partly finance Diana’s two 208,500-dwt Newcastlemax bulk carriers after their delivery from China’s Jiangnan Shanghai Changxing Heavy Industries, and an 82,000-dwt kamsarmax bulk carrier from Dayang Shipbuilding, also in China. 

The first Newcastlemax will be delivered in the during the third quarter of 2016, and the other two newbuildings will follow in the fourth quarter.

The deliveries have each been delayed by around five months, which Diana announced in early December.

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Photo of Holly Birkett Holly BirkettJanuary 8, 2016
5 Less than a minute
Photo of Holly Birkett

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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