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Diana Shipping Inc. Announces Time Charter Contract for m/v Seattle with SwissMarine and the Sale of a Dry Bulk Vessel, the m/v DSI Drammen
Globenewswire· 2025-11-21 14:25
Core Points - Diana Shipping Inc. has entered into a time charter contract with SwissMarine Pte. Ltd. for the Capesize dry bulk vessel m/v Seattle at a gross charter rate of US$24,500 per day, expected to commence on November 26, 2025, and lasting until at least May 1, 2027, up to June 30, 2027 [1] - The m/v Seattle is expected to generate approximately US$12.62 million in gross revenue for the minimum scheduled period of the time charter [2] - The company has signed a Memorandum of Agreement to sell the Ultramax dry bulk vessel m/v DSI Drammen for approximately US$26.40 million, with delivery to the buyer by March 31, 2026 [3] - Diana Shipping Inc.'s fleet consists of 36 dry bulk vessels with a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 11.99 years [4] - The company is set to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028 [4] - Diana Shipping Inc. primarily provides shipping transportation services through the ownership and bareboat charter-in of dry bulk vessels, transporting various commodities along global shipping routes [5]
Okeanis Eco Tankers Corp. – Completion and pricing of USD 115 million offering of new common shares
Globenewswire· 2025-11-19 12:15
Core Viewpoint - Okeanis Eco Tankers Corp. has successfully priced an offering of 3,239,436 new shares at USD 35.50 per share, raising gross proceeds of approximately USD 115 million, driven by strong demand [1][2]. Group 1: Offering Details - The net proceeds from the offering will be partially used for the acquisition of two newbuilding Suezmax vessels, each priced at USD 97 million, currently under construction in South Korea [2]. - The offering is expected to be completed by November 21, 2025, with shares available for trading on the New York Stock Exchange after settlement [3]. - The offering complies with the equal treatment obligations under the Norwegian Securities Trading Act [4]. Group 2: Regulatory and Advisory Information - The offering is made pursuant to the Company's shelf registration statement declared effective by the SEC on May 21, 2025, and will be conducted via a prospectus supplement [5]. - Fearnley Securities AS and Clarksons Securities AS are acting as joint bookrunners for the offering [7]. Group 3: Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company specializing in the transportation of crude oil and refined products, with a fleet that includes six Suezmax tankers and eight VLCC tankers [11].
Safe Bulkers, Inc. Chairman & CEO and President of the Republic of Cyprus to Ring NYSE Closing Bell on Friday, April 4, 2025
Newsfilter· 2025-04-04 16:00
Core Points - Safe Bulkers, Inc. is hosting a special ceremony at the New York Stock Exchange to honor the Republic of Cyprus as a global business destination [1][2] - The event marks the ten-year anniversary of Safe Bulkers' operations in Cyprus and highlights the country's attractiveness as a business hub in the Eastern Mediterranean [2][3] - The ceremony includes the participation of prominent figures such as the President of Cyprus and members of the business community, emphasizing the company's successful journey on the NYSE since 2008 [2][3] Company Overview - Safe Bulkers, Inc. is an international provider of marine dry-bulk transportation services, specializing in transporting bulk cargoes like grain, coal, and iron ore [5] - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [5] Event Details - The event is part of the 3rd Capital Link Cyprus Business Forum, which aims to foster dialogue on Cyprus's business and investment landscape [3] - Safe Bulkers is a grand sponsor of the forum and is hosting a dinner reception in honor of the President of Cyprus [4]