Equity analyst Michael Webber says the Nasdaq-quoted boxship operator will probably attempt to expand an existing credit facility with RBS to bankroll expansion in the future.
The researcher claims Diana still has $28.6m in cash following the purchase of the 4,750-teu APL Garnet (built 1995) and notes it has drawn $92m from its current $100m credit line.
Webber says the $30m deal with Neptune Orient Lines (NOL) that made TradeWinds
