Diana Shipping Inc. announced that it signed, through three separate wholly-owned subsidiaries, a term loan facility for up to USD 75,734,900 with The Export-Import Bank of China. The purpose of this facility is to partially finance, after delivery, the acquisition cost of two new-building Newcastlemax dry bulk vessels of approximately 208,500 dwt each and one new-building Kamsarmax dry bulk vessel of approximately 82,000 dwt. The signing of the relevant shipbuilding contracts was announced by the company on May 21, 2013 and January 8, 2014, respectively.

The one new-building Newcastlemax dry bulk vessel is now expected to be delivered to the company during the third quarter of 2016 and the second new-building Newcastlemax dry bulk vessel as well as the one new-building Kamsarmax dry bulk vessel are expected to be delivered during the fourth quarter of 2016.