One of the biggest surprises of the years-long crisis in dry bulk may be the sudden transformation of Diana Shipping from model owner to the tough-talking, bank-baiting renegade of the sector.
TradeWinds has reported in recent weeks that the Greek owner has hired Evercore as an advisor for bank negotiations, and that Diana’s renewed interest in buying ships looks like a bargaining tactic that would shield its $125m in cash from lenders.
Observers
