- Diana Shipping Inc. acquires an 80% stake in Ecogas Holding AS for the construction of two 7,500 cbm LPG vessels, with an option for two more.
- The first vessel is expected in Q1 2027 and the second in Q4 2027.
- The company’s fleet consists of 37 dry bulk vessels, with two methanol dual-fuel Kamsarmax vessels arriving in H2 2027 and H1 2028.
- Total fleet capacity is 4.1 million dwt, with a weighted average age of 11.39 years.
Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in dry bulk vessel ownership and bareboat charter-in, has announced a strategic partnership and investment in Ecogas Holding AS. The company will hold an 80% equity stake in this newly formed joint venture, which involves the construction of two 7,500 cbm semi-refrigerated LPG newbuildings, with an option for two additional vessels. The first vessel is scheduled for delivery in Q1 2027, followed by the second in Q4 2027.
Diana Shipping Inc.’s current fleet comprises 37 dry bulk vessels, categorized as follows:
- 4 Newcastlemax
- 8 Capesize
- 4 Post-Panamax
- 6 Kamsarmax
- 6 Panamax
- 9 Ultramax
Additionally, the company expects the delivery of two methanol dual-fuel Kamsarmax dry bulk newbuildings in H2 2027 and H1 2028. As of now, the company’s total fleet capacity stands at approximately 4.1 million dwt, with a weighted average age of 11.39 years.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements in accordance with the Private Securities Litigation Reform Act of 1995. These statements include plans, objectives, strategies, and projections that are based on assumptions involving uncertainties and risks beyond the company’s control. Words such as “anticipate,” “estimate,” “expect,” “plan,” and similar expressions indicate forward-looking statements.
Factors that could affect actual results include:
- Global economic conditions
- Fluctuations in charter rates and vessel values
- Changes in dry bulk shipping demand
- Operational expenses and regulatory developments
- Financing availability and geopolitical events (e.g., Russia-Ukraine conflict, Middle East tensions)
- Vessel operational risks
For a detailed discussion of these risks, refer to the company’s filings with the U.S. Securities and Exchange Commission. Diana Shipping Inc. assumes no obligation to update any forward-looking statements in this release.
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Source: Diana Shipping Inc.
