Diana Shipping Inc. Becomes Strategic Partner in Two 7,500 cbm Semi-Refrigerated LPG Newbuildings

Core Viewpoint - Diana Shipping Inc. has announced a strategic partnership and investment in a joint venture, Ecogas Holding AS, acquiring an 80% equity interest for the construction of two semi-refrigerated LPG vessels, with delivery expected in 2027 [1] Group 1: Company Overview - Diana Shipping Inc. is a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, primarily engaged in short to medium-term time charters [3] - The current fleet consists of 37 dry bulk vessels, including various classes such as Newcastlemax, Capesize, and Ultramax, with a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 11.39 years [2] Group 2: Future Developments - The company expects 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 [2] - The joint venture with Ecogas Holding AS includes an option for two additional vessels, indicating potential future expansion [1]