Diana Shipping Inks Contracts For Dual Fuel Methanol Kamsarmax Pair

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  • Diana Shipping has signed shipbuilding contracts for two 81,200 dwt methanol dual fuel new-building vessels, for a purchase price of $46 million each.
  • The company placed the order through an unaffiliated third-party nominee of Marubeni, for the two vessels to be built at Tsuneishi Group Shipbuilding, China.

Diana Shipping has signed shipbuilding contracts for two 81,200 DWT methanol dual fuel new-building Kamsarmax dry bulk vessels for a purchase price of $46 million each.

In September 2023, Athens-based Diana placed the order through an unaffiliated third-party nominee of Marubeni Corporation, for the two vessels to be built at Tsuneishi Group (Zhoushan) Shipbuilding Inc. in China.

The vessels are capable of operating on either methanol or fuel oil interchangeably,’ Diana Shipping said in a statement. ‘When powered by green methanol, the vessels are designed to produce near-zero GHG emissions based on the well-to-wake (WTW) fuel life cycle assessment (LCA) methodology.’

The ships are expected to be delivered to the company by the second half of 2027 and the first half of 2028, respectively.

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Source: Diana Shipping Inc.