Shipping News – Page 316

Ocean Yield Buying Newcastlemax with 15-Year Charter

The Newcastlemax newbuilding has a 15-year bareboat charter with Compagnie Maritime Belge (CMB).

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The agreements include major shipbuilding, conversion, charter and financing deals.

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The USD 11 million loan would be used to partially finance the company’s scrubber retrofit project.

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The company undertook a number of transactions to modernize its fleet and increase financial flexibility and liquidity.

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Diana Shipping’s bulker Semirio will earn less under its new charter deal.

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