New Kamsarmax? Management said during last conference call that they are going to buy larger ships only (larger than panamax) and since then they bought a capesize, and based on your message, another ship comes. Let see what kind of rates will be obtained for these ships.
Present rates indicate that DSX should be able to recover all (not just operating) cash expenses and even part of depreciation. It should be noted that these ships are bought cheap. Capesize price was just 50% higher than scrap value; i.e. actual depreciation should not be too high.