Diana Shipping to Expand Offshore Vessel Joint Venture

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Diana Shipping’s previously announced joint venture, Windward Offshore, with Blue Star Group, SeaRenergy Offshore Holding and SeraVerse, in purchasing offshore service vessels (CSOVs), has exercised its option to acquire two additional vessels from VARD. 

Following acquisition completion of the two additional CSOVs, Windward Offshore will have contracts to acquire four CSOVs, with deliveries scheduled to occur between the third quarter of 2025 and the third quarter of 2026.

Diana Shipping’s fleet currently consists of 40 dry bulk vessels, with an approximate combined carrying capacity of 4.5 million DWT with a weighted average age of 10.59 years.


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