Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, signed a $167.3 million six-year secured term loan facility with Nordea Bank. The full amount was drawn down immediately.
The new loan maturing in July 2030 is secured by ten vessels. The proceeds have been utilized to refinance two of the company’s existing loan facilities with Nordea Bank: one for $149.3 million and the other for $18 million, originally maturing in October 2027 and June 2028, respectively. These loans were previously secured by 12 vessels. As part of this refinancing, two of the company’s mortgaged vessels have been released.
Upon completion of the previously announced sale of m/v Houston, Diana Shipping’s fleet will consist of 38 dry bulk vessels: 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax. The company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by H2/27 and H1/28, respectively.
