Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, today announced that it has signed two Memoranda of Agreement with unaffiliated third parties for the purchase of two Capesize dry bulk carriers.
The carriers MV ''Thalassini Niki'' and MV ''Thalassini Kyra'' will be renamed MV ''Salt Lake City'' and MV ''Norfolk'' respectively. The ''Thalassini Niki'' is a 2005 built Capesize vessel of 171,810 dwt and latter a 2002 built Capesize vessel of 164,218 dwt. The agreed-upon prices for the two are US$140 million and US$135 million, respectively. The Thalassini Niki is chartered as of September 28, 2007 to Refined Success Ltd., guaranteed by Cosco (H.K) Shipping Co Ltd. for a period of 59 to 61 months, at a daily rate of US$55,800 less 5% commission. Thalassini Niki is expected to be delivered to the company on or about November 30, 2007. The employment of both vessels is anticipated to generate approximately US$225 million of gross revenues for the minimum scheduled period of the charters.
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