Diana Shipping boosts liquidity with $55m secured term loan
Diana Shipping Secures $55M Loan Amid Strategic Moves

Greek shipping company Diana Shipping has secured a six-year term loan facility worth $55 million from the National Bank of Greece. Signed on September 29, 2025, the loan is fully drawn and will mature in September 2031, backed by five of the company’s vessels. This financial maneuver aims to enhance the company’s capital structure and operational flexibility, according to Ioannis Zafirakis, a key executive at Diana Shipping.
Strategic Investments and Shareholder Growth
Diana Shipping has been actively reshaping its investment portfolio. Earlier this week, the company announced it had increased its stake in Genco Shipping & Trading to nearly 15%, making it the largest known shareholder. Regulatory filings reveal that Diana Shipping invested approximately $103.5 million to acquire 6.41 million shares of Genco between late April and the end of September, resulting in a 14.93% ownership stake.
In addition to its investment in Genco, Diana Shipping has entered into a time charter contract with Swiss agribusiness firm Bunge. The contract involves the 2015-built ultramax vessel, DSI Aquila, which will be chartered at a gross rate of $14,000 per day. The charter is set to commence on October 12, 2025, and will last until at least February 25, 2027, with a maximum end date of April 25, 2027. This arrangement is expected to generate approximately $7.15 million in gross revenue during the minimum charter period.
These strategic decisions reflect Diana Shipping’s commitment to optimizing its operations and capitalizing on growth opportunities within the shipping industry.