Panamax

Capital Product Partners L.P. Announces the Sale of Three 10,000 TEU Container Vessels

Retrieved on: 
Wednesday, March 20, 2024
Partnership, TEU, Sale, Acquisition, DWT, Samsung Heavy Industries, Panamax, CPLP, LNG

ATHENS, Greece, March 20, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced that the Partnership entered into a memorandum of agreement for the sale of three 10,000 TEU container vessels, built in 2011 at Samsung Heavy Industries, S. Korea: the M/V Athos, the M/V Aristomenis and the M/V Athenian.

Key Points: 
  • ATHENS, Greece, March 20, 2024 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (NASDAQ: CPLP), an international owner of ocean-going vessels, today announced that the Partnership entered into a memorandum of agreement for the sale of three 10,000 TEU container vessels, built in 2011 at Samsung Heavy Industries, S. Korea: the M/V Athos, the M/V Aristomenis and the M/V Athenian.
  • Delivery of the vessels to the buyer is expected in April 2024.
  • With the recently completed sale of the M/V Akadimos (115,534 DWT / 9,300 TEU, Eco-Flex, Wide Beam container vessel, built 2015, Daewoo-Mangalia Heavy Industries S.Α., Romania), which was delivered to its new owners on March 8, 2024, the Partnership has completed the sale of two container vessels and has agreed to sell two Panamax container vessels and three Neo-Panamax container vessels.
  • Total expected gross cash proceeds from the sale of the seven container vessels are estimated at approximately $272.5 million or $182.5m after repaying outstanding debt.

Castor Maritime Inc. Announces the Completion of the Sale of the M/V Magic Nova

Retrieved on: 
Tuesday, March 12, 2024
Sale, CTRM, Panamax

LIMASSOL, Cyprus, March 12, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on March 11, 2024, it completed the previously announced sale of the M/V Magic Nova, a 2010-built Panamax bulk carrier vessel, for a price of $16.1 million, by delivering the vessel to its new owner.

Key Points: 
  • LIMASSOL, Cyprus, March 12, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on March 11, 2024, it completed the previously announced sale of the M/V Magic Nova, a 2010-built Panamax bulk carrier vessel, for a price of $16.1 million, by delivering the vessel to its new owner.
  • The Company expects to record a net gain of approximately $4.4 million from the above-mentioned sale, excluding any transaction-related costs during the first quarter of 2024.

Diana Shipping Inc. Announces Time Charter Contract for m/v Crystalia With Louis Dreyfus Company

Retrieved on: 
Friday, March 1, 2024
Bulk carrier, Capesize, Methanol, DSX, Panamax, Employment, Airline

ATHENS, Greece, March 01, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Louis Dreyfus Company Freight Asia Pte.

Key Points: 
  • ATHENS, Greece, March 01, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Louis Dreyfus Company Freight Asia Pte.
  • Ltd., for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia.
  • The employment of “Crystalia” is anticipated to generate approximately US$8.76 million of gross revenue for the minimum scheduled period of the time charter.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com .

Diana Shipping Inc. Announces the Signing of Shipbuilding Contracts for Two 81,200 Dwt Methanol Dual Fuel New-Building Kamsarmax Dry Bulk Vessels

Retrieved on: 
Wednesday, February 14, 2024
Bulk carrier, Capesize, Energy efficiency, WTW, Sale, Panamax, International Maritime Organization, DSX, Artemis, Zhoushan, Greenhouse gas, Marubeni, Methanol, LCA, GHG, NOx, Shipbuilding

ATHENS, Greece, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed shipbuilding contracts for two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of US$46 million each.

Key Points: 
  • ATHENS, Greece, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed shipbuilding contracts for two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of US$46 million each.
  • The vessels are expected to be delivered to the Company by the second half of 2027 and the first half of 2028, respectively.
  • 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.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com .

Diana Shipping Inc. Announces Time Charter Contract for m/v Leonidas P. C. With Ming Wah

Retrieved on: 
Friday, February 9, 2024
Employment, Artemis, DSX, Sale, Bulk carrier, Panamax, Capesize

The charter is expected to commence on February 21, 2024.

Key Points: 
  • The charter is expected to commence on February 21, 2024.
  • The “Leonidas P. C.” is a 82,165 dwt Kamsarmax dry bulk vessel built in 2011.
  • The employment of “Leonidas P. C.” is anticipated to generate approximately US$9.18 million of gross revenue for the minimum scheduled period of the time charter.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com .

Capital Product Partners L.P. Announces Fourth Quarter 2023 Financial Results

Retrieved on: 
Friday, February 2, 2024
GAAP, Calendar, CMB, Partnership, Rights, Net, CPLP, Depreciation, Acquisition, Panamax, Sale, Cryptocurrency

Net income for the quarter ended December 31, 2023, was $12.7 million, compared with net income of $21.1 million for the fourth quarter of 2022.

Key Points: 
  • Net income for the quarter ended December 31, 2023, was $12.7 million, compared with net income of $21.1 million for the fourth quarter of 2022.
  • Total revenue for the quarter ended December 31, 2023, was $95.5 million, compared to $79.9 million during the fourth quarter of 2022.
  • Total expenses for the quarter ended December 31, 2023, were $55.1 million, compared to $42.1 million in the fourth quarter of 2022.
  • Total vessel operating expenses during the fourth quarter of 2023 amounted to $20.6 million, compared to $17.3 million during the fourth quarter of 2022.

Diana Shipping Inc. Announces Time Charter Contract for m/v Philadelphia With NYK Line

Retrieved on: 
Thursday, February 1, 2024
Nippon Yusen, Capesize, Artemis, Bulk carrier, Panamax, Employment, DSX, Sale, Airline

The gross charter rate is US$22,500, minus a 5% commission paid to third parties, for a period until minimum April 20, 2025 up to maximum July 20, 2025.

Key Points: 
  • The gross charter rate is US$22,500, minus a 5% commission paid to third parties, for a period until minimum April 20, 2025 up to maximum July 20, 2025.
  • The “Philadelphia” is a 206,040 dwt Newcastlemax dry bulk vessel built in 2012.
  • The employment of “Philadelphia” is anticipated to generate approximately US$9.79 million of gross revenue for the minimum scheduled period of the time charter.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com .

Castor Maritime Inc. Announces the Sales of the M/V Magic Nova and the M/V Magic Horizon for an Aggregate Price of $31.9 Million with an Aggregate Expected Net Gain of $9.0 Million

Retrieved on: 
Monday, January 29, 2024
Sale, CTRM, Panamax

LIMASSOL, Cyprus, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on January 19, 2024, the Company entered into separate agreements with entities beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of (i) the M/V Magic Nova, a 2010-built Panamax bulk carrier vessel, for a price of $16.1 million and (ii) the M/V Magic Horizon, a 2010-built Panamax bulk carrier vessel, for a price of $15.8 million.

Key Points: 
  • LIMASSOL, Cyprus, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on January 19, 2024, the Company entered into separate agreements with entities beneficially owned by a family member of our Chairman, Chief Executive Officer and Chief Financial Officer for the sale of (i) the M/V Magic Nova, a 2010-built Panamax bulk carrier vessel, for a price of $16.1 million and (ii) the M/V Magic Horizon, a 2010-built Panamax bulk carrier vessel, for a price of $15.8 million.
  • The terms of the transactions were negotiated and approved by a special committee of our disinterested and independent directors.
  • Both vessels are expected to be delivered to their new owners by the end of the first quarter of 2024.
  • The Company expects to record during the first quarter of 2024 (i) a net gain of approximately $4.4 million from the sale of the M/V Magic Nova, excluding any transaction-related costs and (ii) a net gain of $4.6 million from the sale of M/V Magic Horizon, excluding any transaction related costs.

Diana Shipping Inc. Announces the Sale of a Panamax Dry Bulk Vessel, the m/v Artemis

Retrieved on: 
Tuesday, January 23, 2024
Sale, Panamax, Agreement, Capesize, DSX, Bulk carrier, Artemis

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 39 dry bulk vessels (4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax).

Key Points: 
  • Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 39 dry bulk vessels (4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax).
  • As of today, the combined carrying capacity of the Company’s fleet, including the m/v Artemis, is approximately 4.5 million dwt with a weighted average age of 10.59 years.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com .
  • Information contained on the Company’s website does not constitute a part of this press release.

Diana Shipping Inc. Announces Expansion of Previously Announced Joint Venture for Offshore Wind Service Vessels

Retrieved on: 
Monday, January 22, 2024
Wind, Panamax, VARD, Acquisition, Capesize, DSX, Bulk carrier

ATHENS, Greece, Jan. 22, 2024 (GLOBE NEWSWIRE) --  Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that its previously announced joint venture (“Windward Offshore”) with Blue Star Group GmbH & Cie. KG, SeaRenergy Offshore Holding GmbH and SeraVerse GmbH to purchase offshore wind service vessels (“CSOVs”) has excercised its option to acquire two additional newbuilding CSOVs from VARD.

Key Points: 
  • ATHENS, Greece, Jan. 22, 2024 (GLOBE NEWSWIRE) --  Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that its previously announced joint venture (“Windward Offshore”) with Blue Star Group GmbH & Cie. KG, SeaRenergy Offshore Holding GmbH and SeraVerse GmbH to purchase offshore wind service vessels (“CSOVs”) has excercised its option to acquire two additional newbuilding CSOVs from VARD.
  • Diana Shipping Inc.’s fleet currently consists of 40 dry bulk vessels: 4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax.
  • As of today, the combined carrying capacity of the Company’s fleet is approximately 4.5 million dwt with a weighted average age of 10.59 years.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com.