The Greek shipping company Diana Shipping has received a new loan of US$167.3m from Bank Nordea.
The money will be used to refinance Diana’s obligations to Nordic Bank.
Diana repays loan to Nordic
The New York Stock Exchange-listed shipping company announced that the funds from the loan, which is secured by ten ships, will be used to refinance two additional loans totalling US$149.3m and US$18m. Their repayment is due in October 2027 and June 2028. The loans were secured with a total of twelve bulkers, two of which have now been released as part of the refinancing.
“This strategic financial move underscores the company’s commitment to optimising its capital structure and increasing operational flexibility,” Diana announced.
The shipping company, which is managed by Semiramis Paliou, currently has a fleet of 40 bulkers. This includes one Capesize-class vessel, which is for sale, and two Kamsarmax newbuildings, which are scheduled for delivery in the second half of 2027 and will be powered by methanol.
