Greek bulker owner Diana Shipping has signed a $55m six-year secured term loan facility with the National Bank of Greece.
The full amount of the loan, signed on September 29, 2025, was drawn down immediately. The new loan maturing in September 2031 is secured by five vessels.
“Through this strategic transaction, the company reaffirms its commitment to optimising its capital structure while enhancing its operational and investing flexibility,” said Ioannis Zafirakis, director, co-CFO, chief strategy officer, treasurer, and secretary of the company.
Diana Shipping has made the headlines several times recently. The company said earlier this week that it increased its holding in Genco to nearly 15%, becoming the company’s largest known shareholder.
Regulatory filings show the Semiramis Paliou-led owner spent about $103.5m between late April and the end of September to buy 6.41m Genco shares, giving it a 14.93% stake.
It also entered into a time charter contract with Swiss-based agribusiness firm Bunge for the 2015-built, 60,309 dwt ultramax DSI Aquila. The gross charter rate is $14,000 per day for a period of a minimum of February 25, 2027, up to a maximum of April 25, 2027.
The charter is set to begin on October 12, 2025. The employment of the vessel is anticipated to generate approximately $7.15m of gross revenue for the minimum scheduled period of the time charter.
