Diana Shipping has received a full refund less than two months after cancelling a delayed bulker order at China's Dayang Shipbuilding.
The New York-listed bulker owner said the Export-Import Bank of China paid it $9.4m paid to the Sinopacific Shipbuilding Group yard for construction of an 82,000-dwt vessel. The bank provided a refund guarantee for the order.
Simeon Palios-led Diana said in November that it cancelled the order for the kamsarmax after delays at the shipyard.
"The
