Diana Shipping signs a Supplemental agreement with Nordea Bank

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(Image Courtesy: Diana Shipping)

Diana Shipping, through seven wholly-owned subsidiaries, has signed a supplemental agreement to the existing secured loan agreement with Nordea Bank Abp, filial i Norge, (i) to extend by 2 years the repayment of the existing secured loan facility from March 2022 to March 2024 and (ii) to increase the loan facility by an amount of US$460,000; all other terms to remain the same.

Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 10 Panamax). The Company also expects to take delivery of one Kamsarmax dry bulk vessel by the end of February 2022.

“As of today, the combined carrying capacity of the Company’s fleet, excluding the one vessel not yet delivered, is approximately 4.6 million dwt with a weighted average age of 10.37 years,” Diana Shipping stated.

Sea News, August 2

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News