Diana Shipping Inc. Announces Time Charter Contract for m/v Maia With Glencore

ATHENS, Greece, July 27, 2017 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE:DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, the m/v Maia. The gross charter rate is US$10,125 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum fifteen (15) months. The charter is expected to commence later today. The m/v Maia is currently chartered, as previously announced, to RWE Supply & Trading GmbH, Essen, at a gross charter rate of US$7,500 per day, minus a 5% commission paid to third parties.

The “Maia” is a 82,193 dwt Kamsarmax dry bulk vessel built in 2009.

This employment is anticipated to generate approximately US$3.65 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 51 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 23 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.9 million dwt with a weighted average age of 7.99 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute a part of this press release.

About the Company

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. 

Corporate Contact:
Ioannis Zafirakis
Director, Chief Operating Officer and Secretary
Telephone: + 30-210-9470-100
Email: izafirakis@dianashippinginc.com
Website: www.dianashippinginc.com

Investor and Media Relations:
Edward Nebb
Comm-Counsellors, LLC
Telephone: + 1-203-972-8350
Email: enebb@optonline.net

Innova Launches The Next Generation Of Professional OBD Tools And Repair Solutions


Innova Launches The Next Generation Of Professional OBD Tools And Repair Solutions

CarScan® Pro Line Streamlines Vehicle Repairs for Automotive Technicians and Shops

PR Newswire

IRVINE, Calif., July 27, 2017 /PRNewswire/ — Innova Electronics Corporation, a leading supplier of test equipment and diagnostic reporting for the automotive aftermarket, announces the launch of its latest line of professional on-board diagnostic (OBD) tools. The INNOVA CarScan® offering is designed by professional automotive technicians to help technicians of all levels streamline repairs on today’s vehicles. The line, which begins shipping this month, includes the entry-level 5023 CarScan® Code Reader, the 5100 CarScan® ABS/SRS, and the fully featured 5160 CarScan® PRO, and the (MSRP from $114 to $642). 

Innova Electronics, Corporation launches its new INNOVA CarScan® line of professional on-board diagnostic (OBD) tools designed by professional automotive technicians to help techs of all levels streamline repairs on today’s vehicles. Also now featuring RepairSolutions® Pro online and app-based diagnostic guidance. For more information, visit http://pro.innova.com/.

“For nearly two decades, Innova has provided millions of automotive DIYers and pros of all levels with tools and information to affordably solve check engine light problems without time-consuming training and scrolling or expensive subscription fees,” said Mike Fitzgerald, Vice President and General Manager, Innova. “This line builds on the features that have made our patented products popular over the years by adding functions that appeal to service bay techs, whether you’re working in a tire, collision, lube and tune, dealership or independent repair shop.

“What truly sets these tools apart from other professional OBD tools on the market is access to the proprietary Innova RepairSolutions® Pro website and app, offering unmatched repair guidance to help techs fix vehicles quickly and efficiently,” adds Fitzgerald.

Each of the INNOVA CarScan® tools includes access to RepairSolutions® Pro through a free 1- to 12-month trial subscription. The higher-end 5100 and 5160 tools also include Bluetooth® connectivity to conveniently communicate with the RepairSolutions Pro mobile app (iOS and Android). RepairSolutions Pro is a diagnostic solutions resource created to help professionals and shops diagnose and repair today’s complex vehicles by providing verified fixes, difficulty ratings, Technical Service Bulletins, step-by-step instructions, resource to connect with fellow pros, and more.

The INNOVA 5160 CarScan® PRO is a top-of-the-line, all-in-one professional scan tool featuring an all-systems module Network Scan, Active Test and bi-directional controls to perform diagnostic routines, ABS and SRS live data and maintenance system resets for most gas, diesel and hybrid OBD-II vehicles on the road today. Optional OBD-I coverage is available to service model year 1982 to 1995 vehicles. It also features FixAssist® technology with patented on-screen code and troubleshooting repair tips, and trip cycle procedures to support technicians in the proper validation of repairs.  Users can clearly view and record diagnostic results on the tool’s full-color 3.5″ display that provides the convenience to view up to four live data parameters at one time. The 5160 also features battery initialization, as well as steering angle, battery and oil light reset. Click here for a compatibility checker. The 5160 comes with a protective rubber boot and soft storage pouch.

The INNOVA 5100 CarScan® ABS/SRS reads Anti-lock Brake System (ABS) and Supplemental Restraint System (SRS) codes on most 1996 and newer domestic, Asian and European cars, light trucks and SUVs on the road today. It enables the user to graph two live data parameters at a time. The 5100 also features Network Scan, as well as the ability to read ABS and SRS live data. It is an economical option for technicians who want most of the features available on the 5160 but don’t need the advanced Active Test or Steering Angle Reset functions.

The INNOVA5023 CarScan® Code Reader is the ideal starter tool for the entry-level technician. It is also a great choice for shops that want each of their service writers or mobile techs to have their own diagnostic tool. The 5023 reads and clears powertrain codes on all 1996 and newer vehicles. It also displays diagnostic trouble code severity and freeze frame data shows the engine condition at the time the Malfunction Indicator Lamp (MIL) was set.

The new INNOVA CarScan® series has a tool to cover everything from quick vehicle inspections to pre- and post-collision repair scans to more advanced Network Scan, Active Test, as well as live data for airbag and anti-lock brake system functions. The higher-end 5100 and 5160 tools also include trip cycle procedures to validate repairs and emissions test readiness, as well as precise, mobile app-based RepairSolutions® Pro guidance. Each of the tools features lifetime updates and upgrades, and support from INNOVA’s expert team of U.S.-based ASE-certified technicians.

A complete list of product features and functions with a comparison chart and vehicle compatibility coverage is available at www.pro.innova.com. For more information, pricing and availability, contact Innova Sales using this link.

About Innova

Innova Electronics Corporation is a leading supplier of test equipment and diagnostic reporting for the automotive aftermarket, offering high-quality products, innovative diagnostics, and value to customers. Distributed from facilities in the U.S. and Canada, all Innova products are researched, developed and designed at the company’s headquarters in Irvine, Calif. For more information, visit www.pro.innova.com or www.innova.com.


Kristin Brocoff
C: 949-400-4899
E: kristinb@iEquus.com


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SOURCE Innova Electronics Corporation

Jeppesen and University of North Dakota Sign Agreement for Preparing the Next Generation of Aviation Professionals

Jeppesen and University of North Dakota Sign Agreement for Preparing the Next Generation of Aviation Professionals

— Student pilots and operations staff to ready themselves for careers using Jeppesen data and flight information

PR Newswire

OSHKOSH, Wis., July 27, 2017 /PRNewswire/ — EAA AIRVENTURE — Today, Boeing [NYSE: BA], through its subsidiary Jeppesen, announced a three-year service agreement with the University of North Dakota Department of Aviation to provide the school with its industry-leading navigation and electronic flight bag (EFB) services.

“Integrating Jeppesen charts, data and flight information with our educational programs allows our aviation students to use the same software and programs that professionals in the field are using today on a global scale,” said Paul Lindseth, dean, John D. Odegard School of Aerospace Sciences, University of North Dakota. “Jeppesen sets the standard for accuracy and quality flight information, and we are proud to provide our students with real-world applications that will prepare them for career opportunities.”

The university will use Jeppesen’s EFB services, navigation information and charts as part of its educational programs. Students will use these Jeppesen flight information elements as part of a working airline operations center environment, gaining hands-on experience. Students also will work with Jeppesen’s data distribution system, which provides airlines and operators with updates to essential navigation and operational documents and data on an ongoing basis.

“The University of North Dakota is a top destination in the university flight school arena, preparing some of the best and brightest aviation students for entering the workforce,” said Reggie Arsenault, director, Business Aviation & General Aviation Flight Operations Portfolio, Boeing Global Services. “Teaming with respected universities, flight schools and institutions helps to extend our reach to the next generation of aviation professionals, and we look forward to working with the University of North Dakota to further strengthen their renowned program.”

Jeppesen navigation data is developed from a comprehensive aviation database, which is composed of more than one million records. To ensure accuracy, Jeppesen flight information analysts edit and verify approximately 150,000 database transactions generated from worldwide aviation data source documents during every 28-day revision cycle.

Boeing Global Services, headquartered in the Dallas area, was formed by integrating the services capabilities of the government, space and commercial sectors into a single, customer-focused business. Operating as a third business unit of Boeing, Global Services provides agile, cost-competitive services to commercial and government customers worldwide.

About the John D. Odegard School of Aerospace Sciences

The John D. Odegard School of Aerospace Sciences at the University of North Dakota is a world-renowned center of aerospace learning, internationally acclaimed for its achievements in collegiate aviation education and flight training, atmospheric research, space studies, earth systems science and computer science applications. With 825 faculty and staff members, and over 1800 students from around the world, and many programs and research projects, UND Aerospace Sciences is setting the pace for aerospace education.

UND Aerospace owns and operates the largest civilian training fleet in the world consisting of over 150 aircraft and flight training devices. UND Aerospace logs over 135,000 hours of flight training annually at its Grand Forks, North Dakota; Meza, Arizona; and Crookston, Minnesota locations.

Brian Rantala
Communications Specialist
Office: +1 303-328-4370
Mobile: +1 720-568-9298

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