Skip to main content

Diana Shipping Inc. acquires Kamsarmax

Published by , Editor
Dry Bulk,

Diana Shipping Inc. has announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from unaffiliated third parties the m/v Magnolia, a 2011 built Kamsarmax dry bulk vessel of 82 165 DWT, for a purchase price of US$22.0 million. The Company anticipates to take delivery of the vessel by the end of February 2022.

Excluding the newly acquired vessel and upon completion of the previously announced sale of one Panamax dry bulk vessel, the m/v Naias, Diana Shipping Inc.’s fleet will consist of 36 dry bulk vessels (four Newcastlemax, 12 Capesize, five Post-Panamax, five Kamsarmax and 10 Panamax).

As of today, the combined carrying capacity of the Company’s fleet, excluding the vessel not yet delivered and including the m/v Naias, is approximately 4.7 million DWT with a weighted average age of 10.41 years.

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »


Embed article link: (copy the HTML code below):