The newbuilding is expected to be delivered during the second quarter of 2016, according to Diana Shipping.
Diana Shipping is also awaiting the deliveries of two newbuilding ice-class panamax bulkers during the first quarter of 2014, and two newbuilding newcastlemaxes during the second quarter of 2016.
The shipping firm's current fleet consists of 36 bulkers with a combined carrying capacity of approximately 4.1m dwt.
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