Greece: Diana Shipping Acquires Dry Bulk Vessels MV Vathy

Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has agreed to purchase from an unaffiliated third party the MV “Vathy”, a 2010 built Panamax dry bulk carrier of 81,297 dwt, for a price of US$32.25 million.

The vessel, to be renamed “Leto”, is expected to be delivered to the Company by the sellers during the first quarter of 2012.

About the Company

Diana Shipping Inc. is a leading global provider of shipping transportation services through the ownership and operation 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.

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World Maritime News Staff, November 21, 2011