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VHGI Holdings, Inc & Diana Shipping Inc. Announcements: (OTC:VHGI), (NYSE:DSX)


New York, NY -- (ReleaseWire) -- 04/15/2013 --VHGI Holdings, Inc. (OTC:VHGI) announced last week the successful delivery of 4,868 tons of coal from the Landree Mine to Indianapolis Power & Light on Friday March 29, 2013. This shipment, along with a 10 car test train the week before, brings the total shipped in March to approximately 5,700 tons.

"We are extremely pleased with the progress that our team has made over the past month and beginning to see the benefits of the phase one improvements to the underground operations and the preparation plant. Phase one upgrades will continue through most of April," said Ron Hutchcraft, President of VHGI Coal. Beginning in May most of the initial construction for the one unit mine will have been completed.

VHGI Holdings, Inc. engages in the exploration and mining of gold and precious metals, and oil and gas properties.

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Diana Shipping Inc. (NYSE:DSX) announced earlier this week, that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase from an unaffiliated third party the m/v "Tamou," a 2005 built Capesize dry bulk carrier of 177,243 dwt, for a purchase price of US$27,020,202, less one percent address commission to the Buyer. The vessel, to be renamed "Baltimore," is expected to be delivered to the Buyer by the end of May 2013.

Including the aforementioned vessel Diana Shipping Inc.'s fleet currently consists of 33 dry bulk carriers (2 Newcastlemax, 9 Capesize, 3 Post-Panamax, 2 Kamsarmax and 17 Panamax) as well as 2 new-building Ice Class Panamax vessels expected to be delivered to the Company during the fourth quarter of 2013.

Diana Shipping Inc. is a leading global provider of shipping transportation services through the ownership and operation of dry bulk vessels.

Find out what momentum DSX could adopt after this announcement here:

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