World News
Diana Shipping Ends Talks with Lenders Amid Q3 Loss
Diana Shipping Inc. (Diana Shipping) says it has failed to reach agreement with its lenders on proposed amendments to the terms of its outstanding loan facilities.
"The Company is current in all payments of principal and interest under each of its existing loan facilities. The Company does not currently anticipate resuming such discussions with its lenders," the shipping company wrote in its latest 3Q 2016 financials.
Diana Shipping also reported a net loss of $78.3 million for the three months ending September 30, compared to a net loss of $17.4 million during the same period of 2015, which it largely attributed to its investment in Diana Containerships Inc. (Diana Containerships).
For the nine month period ending September 30, Diana Shipping reports a $141 million net loss, $54.4 million of which it attributes to Diana Containerships.
In June, Ship & Bunker reported Diana Shipping Services S.A. had enlisted the help of Bureau Veritas S.A. (BV) in a recent energy-saving assessment of three of the company's capesize bulk carriers
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 8.50 | 779.00 | 29.50 |
| Rotterdam | 608.00 | 11.00 | 764.50 | 24.50 |
| Houston | 636.50 | 8.00 | 807.50 | 5.00 |
| Fujairah | 649.50 | 4.00 | 888.50 | 11.50 |
| Global 20 Ports Average | 665.50 | 6.50 | 870.50 | 14.50 |
| Global 4 Ports Average | 635.50 | 3.50 | 810.00 | 17.50 |
| Global Average Bunker Price | 725.00 | 2.50 | 925.50 | 8.00 |
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