Diana Shipping Inc. Announces The Signing Of Shipbuilding Contracts For Two 81,200 Dwt Methanol Dual Fuel New-Building Kamsarmax Dry Bulk Vessels For A Purchase Price Of $46M Each
Portfolio Pulse from Benzinga Newsdesk
Diana Shipping Inc. (DSX) has signed contracts for two new Kamsarmax dry bulk vessels with methanol dual fuel capabilities for $46M each, to be built by Tsuneishi Group (Zhoushan) Shipbuilding Inc., China, and delivered by 2027 and 2028. These vessels are designed to meet stringent energy efficiency and GHG emissions standards, capable of operating on methanol or fuel oil, with near-zero GHG emissions when using green methanol. This expansion follows the sale of m/v Artemis, leaving DSX's fleet at 39 vessels with a combined capacity of approximately 4.5 million dwt.
February 14, 2024 | 2:35 pm
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Diana Shipping Inc. announces the acquisition of two eco-friendly Kamsarmax dry bulk vessels for $46M each, aiming for delivery by 2027 and 2028, enhancing its fleet's environmental compliance and efficiency.
The acquisition of these new vessels is likely to have a positive short-term impact on DSX's stock price due to the investment in eco-friendly and energy-efficient technology, which is increasingly important for regulatory compliance and operational efficiency. The commitment to green technology and the expansion of their fleet could be viewed positively by investors, especially those focused on sustainable and responsible investments. However, the actual delivery dates being several years away might temper immediate market reactions.
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