Thecompany said it is spending $28.82m on an 82,000-dwt kamsarmax bulker.

Itwill take delivery in the second quarter of 2016 from Yangzhou DayangShipbuilding in China.

Dianaalso has two panamaxes and two Newcastlemaxes on order in China, as well as 36 bulkersalready on the water.