Diana Shipping secures $55m loan, bolsters capital structure

Diana Shipping Inc. announced the signing and immediate drawdown of a $55.0 million six-year secured term loan facility with National Bank of Greece S.A. on September 29, 2025. This new loan, maturing in September 2031, is secured by five of the company's vessels. Ioannis Zafirakis, the company's director, co-chief financial officer, chief strategy officer, treasurer, and secretary, highlighted this transaction as a strategic move to optimize their capital structure and enhance flexibility.

The company's fleet currently comprises 36 dry bulk vessels, including Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax classes. Diana Shipping also anticipates taking delivery of two methanol dual-fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028.

Excluding the two vessels yet to be delivered, the current combined carrying capacity of the fleet is approximately 4.1 million dwt, with a weighted average age of 11.85 years.