Diana Shipping Inc. Becomes Strategic Partner in Two 7,500 cbm Semi-Refrigerated LPG Newbuildings
Diana Shipping Inc. (NYSE: DSX) has announced a strategic partnership with Ecogas Holding AS, acquiring an 80% equity stake in a joint venture for the construction of two 7,500 cbm semi-refrigerated LPG newbuildings. The deal includes an option for two additional vessels.
The first vessel is scheduled for delivery in Q1 2027, with the second vessel following in Q4 2027. Currently, DSX operates a fleet of 37 dry bulk vessels with a combined carrying capacity of 4.1 million dwt and an average age of 11.39 years. The fleet composition includes:
- 4 Newcastlemax
- 8 Capesize
- 4 Post-Panamax
- 6 Kamsarmax
- 6 Panamax
- 9 Ultramax vessels
Additionally, the company expects delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by H2 2027 and H1 2028.
Diana Shipping Inc. (NYSE: DSX) ha annunciato una partnership strategica con Ecogas Holding AS, acquisendo una partecipazione azionaria dell'80% in un joint venture per la costruzione di due nuove navi semi-refrigerate LPG da 7.500 cbm. L'accordo include un'opzione per ulteriori due navi.
La prima nave è prevista per la consegna nel primo trimestre del 2027, con la seconda che seguirà nel quarto trimestre del 2027. Attualmente, DSX opera una flotta di 37 navi da carico secco con una capacità di carico totale di 4,1 milioni di dwt e un'età media di 11,39 anni. La composizione della flotta include:
- 4 Newcastlemax
- 8 Capesize
- 4 Post-Panamax
- 6 Kamsarmax
- 6 Panamax
- 9 Ultramax
Inoltre, l'azienda prevede la consegna di due nuove navi Kamsarmax a doppio carburante a metanolo entro il secondo semestre del 2027 e il primo semestre del 2028.
Diana Shipping Inc. (NYSE: DSX) ha anunciado una asociación estratégica con Ecogas Holding AS, adquiriendo una participación del 80% en una empresa conjunta para la construcción de dos nuevos buques LPG semi-refrigerados de 7,500 cbm. El acuerdo incluye una opción para dos buques adicionales.
El primer buque está programado para ser entregado en el primer trimestre de 2027, y el segundo en el cuarto trimestre de 2027. Actualmente, DSX opera una flota de 37 buques de carga seca con una capacidad de carga combinada de 4.1 millones de dwt y una edad promedio de 11.39 años. La composición de la flota incluye:
- 4 Newcastlemax
- 8 Capesize
- 4 Post-Panamax
- 6 Kamsarmax
- 6 Panamax
- 9 Ultramax
Además, la compañía espera la entrega de dos nuevos buques Kamsarmax de doble combustible de metanol para el segundo semestre de 2027 y el primer semestre de 2028.
다이애나 해운 주식회사 (NYSE: DSX)는 에코가스 홀딩 AS와의 전략적 파트너십을 발표하며, 7,500 cbm 반냉각 LPG 신조선 두 척 건조를 위한 합작 투자에서 80%의 지분을 인수했습니다. 이 거래에는 추가 선박 두 척에 대한 옵션이 포함되어 있습니다.
첫 번째 선박은 2027년 1분기에 인도될 예정이며, 두 번째 선박은 2027년 4분기에 이어질 예정입니다. 현재 DSX는 총 4.1 백만 dwt의 운반 용량을 가진 37척의 벌크 화물선으로 구성된 함대를 운영하고 있으며, 평균 연령은 11.39년입니다. 함대 구성은 다음과 같습니다:
- 4척의 Newcastlemax
- 8척의 Capesize
- 4척의 Post-Panamax
- 6척의 Kamsarmax
- 6척의 Panamax
- 9척의 Ultramax
또한, 회사는 2027년 하반기와 2028년 상반기에 메탄올 이중 연료 Kamsarmax 벌크 화물선 두 척의 인도를 예상하고 있습니다.
Diana Shipping Inc. (NYSE: DSX) a annoncé un partenariat stratégique avec Ecogas Holding AS, acquérant une participation de 80 % dans une coentreprise pour la construction de deux nouveaux navires semi-réfrigérés LPG de 7 500 cbm. L'accord comprend une option pour deux navires supplémentaires.
Le premier navire est prévu pour livraison au premier trimestre 2027, le second au quatrième trimestre 2027. Actuellement, DSX exploite une flotte de 37 navires de vrac sec avec une capacité de transport combinée de 4,1 millions de dwt et un âge moyen de 11,39 ans. La composition de la flotte comprend:
- 4 Newcastlemax
- 8 Capesize
- 4 Post-Panamax
- 6 Kamsarmax
- 6 Panamax
- 9 Ultramax
De plus, l'entreprise s'attend à la livraison de deux nouveaux navires Kamsarmax à double carburant méthanol d'ici le deuxième semestre 2027 et le premier semestre 2028.
Diana Shipping Inc. (NYSE: DSX) hat eine strategische Partnerschaft mit Ecogas Holding AS angekündigt und eine 80%ige Beteiligung an einem Joint Venture zur Konstruktion von zwei neuen semi-kühlenden LPG-Schiffen mit 7.500 cbm erworben. Der Deal umfasst eine Option für zwei zusätzliche Schiffe.
Das erste Schiff soll im ersten Quartal 2027 geliefert werden, das zweite im vierten Quartal 2027. Derzeit betreibt DSX eine Flotte von 37 Schüttgutfrachtern mit einer Gesamttragfähigkeit von 4,1 Millionen dwt und einem Durchschnittsalter von 11,39 Jahren. Die Flottenzusammensetzung umfasst:
- 4 Newcastlemax
- 8 Capesize
- 4 Post-Panamax
- 6 Kamsarmax
- 6 Panamax
- 9 Ultramax
Darüber hinaus erwartet das Unternehmen die Lieferung von zwei neuen Kamsarmax-Schüttgutfrachtern mit dualem Methanol-Antrieb bis zum zweiten Halbjahr 2027 und zum ersten Halbjahr 2028.
- Strategic expansion into LPG market with 80% stake in joint venture
- Option for two additional LPG vessels provides growth potential
- Fleet modernization with upcoming methanol dual fuel vessels shows commitment to sustainable shipping
- Large existing fleet of 37 vessels demonstrates established market presence
- Aging fleet with average age of 11.39 years
- Long wait time for new vessels with deliveries starting from 2027
- Significant capital commitment required for multiple newbuildings
ATHENS, Greece, March 21, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that the Company agreed to become a strategic partner and invest in a newly established joint venture, Ecogas Holding AS, with an
Diana Shipping Inc.’s fleet currently consists of 37 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 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 the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt with a weighted average age of 11.39 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute a part of this press release.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Corporate Contact: Ioannis Zafirakis Director, Co-Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary Telephone: + 30-210-9470-100 Email: izafirakis@dianashippinginc.com Website: www.dianashippinginc.com X: @Dianaship Investor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone: + 1-203-972-8350 Email: enebb@optonline.net