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April 14, 2009

Diana Shipping to Acquire Gala Properties

Diana Shipping has signed a $15m deal to acquire Gala Properties. Gala Properties has a $60.2m contract with China Shipbuilding Trading Company and Shanghai Jiangnan-Changxing Shipbuilding Company for the construction of a 177,000t Capesize dry bulk carrier vessel. Dia

By cms admin

Diana Shipping has signed a $15m deal to acquire Gala Properties.

Gala Properties has a $60.2m contract with China Shipbuilding Trading Company and Shanghai Jiangnan-Changxing Shipbuilding Company for the construction of a 177,000t Capesize dry bulk carrier vessel.

Diana will transfer its ownership interest in Eniwetok Shipping Company. The deal is expected to be complete in May this year.

By staff writer

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