Rumours surrounding a capesize resale move by Diana Shipping continue amid ongoing discussions with its banks.

As TradeWinds newspaper reports today Diana is looking at the resumption of buying activity as part of a wish to keep its remaining cash away from banks who might want to freeze it as part of any restructuring negotiations.

The latest chatter points to Diana closing in on a capesize resale at SWS in China at a price of around $34m.