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$40m loan agreement signed

$40m loan agreement signed
Diana Shipping Inc., announced that it has signed a 10 year term loan agreement with Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale- for a secured term loan of $40 million.

Diana Shipping Inc., announced that it has signed a 10 year term loan agreement with Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale- for a secured term loan of $40 million.

Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, Friday announced that it has signed a 10 year term loan agreement with Bremer Landesbank Kreditanstalt Oldenburg-Girozentrale- for a secured term loan of $40 million, which the Company has drawn down yesterday to finance part of the total cost of buying the vessel m/v Houston. The Company, as announced on November 9, 2009, has already taken delivery of the m/v Houston, a 177,729 dwt Capesize dry bulk carrier built jointly by Shanghai Jiangnan-Changxing Shipbuilding Co., Ltd. and Shanghai Waigaoqiao Shipbuilding Co. Ltd.

Diana Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

www.TurkishMaritime.com.tr

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