New York-listed Diana has nearly $275m in cash and cash equivalents and will invest between $15m and $20m soon on one or two new vessels, executives say.
“We will continue to take decisive actions to enhance shareholders value by maintaining strong financial resources, continue to invest in the growth of our fleet and managing the business in a prudent manner throughout a challenging dry bulk market cycle,” chief executive Simeon Palios said on the company’s second quarter conference call.
