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Diana Containerships Inc. (DCIXV) Message Board

  • barrygeo barrygeo May 21, 2013 10:09 AM Flag

    cash boost ... ship scraps + $40m offering + loan option

    Well, management may have made the wrong call building a fleet of old panamax containers at the time they did, but I think I like the latest moves. About 7m in cash at the end of the quarter, add to that about 39m from scrapping the three M's. Add to that $40m from an upcoming offering. Close to $90 million in cash. Then they've arranged to borrow up to $50m from daddy DSX.

    I think somewhere here said they had mentioned looking at smaller vessels?


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