Diana Shipping's November offer to buy back millions of shares has been apparently well received by shareholders.
Initial tally shows that the New York-listed bulker owner's move to repurchase 4.2 million common units at $3.60 each has been oversubscribed by 165%, with 11.2 million sold.
The company last week extended a 20 December deadline by one day for the 5 December closing of US markets mourn President George H.W. Bush's death.
The offer's final results will be announced after the process is confirmed.
Charter inked with Glencore
The company entered into a time charter contract on 22 December with Glencore Agriculture for 82,117-dwt kamsarmax Myrsini (built 2010) at $12,750 per day for 10 to 12 months.
The employment is expected to earn $3.83m in revenue for the minimum scheduled period.
Daily timecharter rates for 82,000-dwt drybulk ships are averaging $14,500, acording to Clarksons.
It was chartered, as previously announced, to RWE Supply & Trading GmbH, Essen, Germany, at $8,650 per day.
