Diana Shipping Getting Into Offshore Wind


Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, says one of its wholly-owned subsidiaries will be participating in a joint venture that will own and operate offshore wind vessels.

In the initial phase of the collaboration, the joint venture has ordered two high-spec commissioning service operation vessels (CSOVs) from VARD and holds the option to acquire two additional offshore wind service vessels.

The company’s partners in this venture include Blue Star Group GmbH & Cie. KG, SeaRenergy Offshore Holding GmbH and SeraVerse GmbH.

“We are excited to announce our intention to enter into a new sector of the shipping industry,” says Semiramis Paliou, director and CEO of Diana Shipping. “Together with our esteemed partners, we embark on an exciting journey that should contribute to a cleaner and more eco-friendly world.”

Upon the completion of the previously announced sale of m/v Boston, Diana Shipping Inc.’s fleet will consist of 40 dry bulk vessels: 4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax. As of today, the combined carrying capacity of the company’s fleet, including the m/v Boston, is approximately 4.7 million dwt with a weighted average age of 10.55 years.

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