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Diana Shipping Inc. Message Board

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  • biggergrove biggergrove Feb 25, 2012 3:22 PM Flag

    Why Buy New Ships

    Clarification: My comments were based upon the PR release that included the following statement as part of the new time charter announcement:

    "Separately, the Company also announced that on February 15, 2012, through one of its wholly owned subsidiaries, it completed the drawdown of US$37.45 million from its previously announced loan facility of US$82.6 million with The Export-Import Bank of China ("China Eximbank") having a majority interest and DNB Bank ASA as agent. The purpose of this drawdown was to partially finance the acquisition cost of the newly built m/v "Los Angeles", which was delivered to the Company on February 8, 2012."

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4.77+0.02(+0.42%)Nov 27 1:02 PMEST