Diana Shipping to Explore Container Services

17 January 2010 (Last Updated January 17th, 2010 18:30)

Diana Shipping is planning to form a new company over the next 12-18 months that is expected to invest in containerships. The dry bulk cargo transporter will invest $50m for a minority stake in the project and the balance will be raised in a private offering, Diana Shipping said.

Diana Shipping is planning to form a new company over the next 12-18 months that is expected to invest in containerships.

The dry bulk cargo transporter will invest $50m for a minority stake in the project and the balance will be raised in a private offering, Diana Shipping said.

The company recently worked out a number of charter agreements for its bulk carrier fleet.