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Diana Shipping buys resale capesize at $50m from Qingdao Beihai

Greece’s Diana Shipping has acquired a capesize newbuilding bulker currently under construction from Qingdao Beihai Shipbuilding Heavy Industry at a resale price of $50m.

Lee Hong Liang, Asia Correspondent

December 10, 2014

1 Min Read

Kalyakan - stock.adobe.com

The 180,000-dwt newbuilding is expected to be delivered to Diana Shipping by mid-January 2015.

In June this year, Diana Shipping had also bought a resale capesize bulker at a price of $58m from the same Chinese shipyard.

At present, Diana Shipping has a combined carrying fleet capacity of approximately 4.4m dwt with a weighted average age of 6.99 years.

The shipowner is waiting for the deliveries of four newbuildings including two newcastlemaxes, one kamsarmax and the latest capesize order.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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