Greece’s Diana Shipping, listed on the American stock market, has signed shipbuilding contracts for two 81,200-dwt methanol dual-fuel newbuilding kamsarmax dry bulkers, for a purchase price of $46m each.

Diana Shipping has placed the order through an unaffiliated third-party nominee of Japan’s Marubeni Corporation, for the two kamsarmax vessels to be built at Tsuneishi Group (Zhoushan) Shipbuilding, in China.

To remind, the Palios-led company Diana signed last year, as reported by Shipping Telegraph on September 27, a letter of intent to order through Marubeni Corporation or its guaranteed nominee the kamsarmax pair new-buildings.

In its announcement yesterday the company said the newbuild vessels are expected to be delivered to Diana Shipping by the second half of 2027, and the first half of 2028 respectively.

The new-building kamsarmax dry bulk vessels are designed to meet the requirements for energy efficiency levels and associated greenhouse gas (GHG) emissions, as set forth in the Energy Efficiency Design Index (EEDI) phase 3, as well as to comply with the NOx emissions regulations (NOx-Tier III) of the International Maritime Organization (IMO).

Furthermore, the vessels are capable of operating on either methanol or fuel oil interchangeably.

“When powered by green methanol, the vessels are designed to produce near-zero GHG emissions based on the well-to-wake (WTW) fuel life cycle assessment (LCA) methodology,” reads the company’s statement.