Diana Shipping announces receipt of full refund under shipbuilding contract
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has announced that in connection with the previously announced cancellation of a shipbuilding contract for a Kamsarmax dry bulk carrier, Hull No. DY6006, with an original delivery date of May 31, 2016, the company received yesterday a refund payment of approximately US$9.4 million, Diana Shipping said in its press release.
The refund payment to Diana Shipping was made under the Refund Guarantee from the Export-Import Bank of China and reflects a refund of the first and second installment payments under the shipbuilding contract. The refund amount constitutes the repayment of all monies paid by Diana Shipping in connection with the cancelled shipbuilding contract, together with interest thereon.
About Diana Shipping
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. Diana Shipping’s vessels are employed primarily on medium to long-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.