Diana taps Danish Ship Finance for $30m

Diana taps Danish Ship Finance for $30m

Athens: Diana Shipping has completed a drawdown of $30m under a term loan facility it signed with Danish Ship Finance. The proceeds will be used to partially finance the acquisition cost of a capesize, Santa Barbara, which was delivered Diana this January.

Diana’s fleet continues to expand. It currently numbers 40 afloat with a kamsarmax delivering this quarter and a capesize in August, plus three more bulkers in the second quarter of 2016.

Earlier this week Diana paid $18.05m for a 2010-built kamsarmax and $43m for a newbuild capesize due for delivery from Shanghai Waigaoqiao Shipbuilding this August.

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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