Greece: Newly Built Vessel Philadelphia Enters Diana Shipping Fleet

Diana Shipping Inc, a global shipping company specializing in the ownership and operation of dry bulk vessels, on May 16th 2012 took delivery of the newly-built m/v “Philadelphia”, a Newcastlemax dry bulk carrier of 206,040 dwt that was contracted in April 2010.

As previously announced, the m/v “Philadelphia” is chartered to EDF Trading Ltd., London, at a gross rate of US$ 18,000 per day, minus a 5% commission paid to third parties, for a minimum forty-four (44) to a maximum fifty (50) month period. The charter commenced yesterday.

Including the newly-delivered m/v “Philadelphia”, Diana Shipping Inc.’s fleet currently consists of 28 dry bulk carriers (17 Panamax, 1 Post-Panamax, 8 Capesize and 2 Newcastlemax), as well as two new-building Ice Class Panamax vessels expected to be delivered to the Company during the fourth quarter of 2013. As of today, the combined carrying capacity of its current fleet, excluding the two vessels not yet delivered, is approximately 3.2 million dwt with a weighted average age of 5.75 years.

[mappress]

Shipbuilding Tribune Staff, May 18, 2012; Image: dianashippinginc