first_imgzoom Dry bulk shipping company Diana Shipping Inc. has signed a term loan facility for up to USD 75.7 million with the Export-Import Bank of China. The purpose of this facility is to partially finance, after delivery, the acquisition cost of two new-building Newcastlemaxes of approximately 208,500 dwt each and one 82,000 dwt new-building Kamsarmax dry bulk vessel.The contracts for the new bulkers were signed in May, 2013 and January, 2014, respectively.Based on latest information received from the yards, the one new-building Newcastlemax dry bulk vessel is expected to be delivered to Diana during the third quarter of 2016 and the second Newcastlemax together with the Kamsarmax are expected to be delivered during the fourth quarter of 2016.Excluding the three aforementioned vessels, Diana Shipping’s fleet currently consists of 43 dry bulk vessels. The combined carrying capacity of the company’s fleet, is approximately 5 million dwt with a weighted average age of 7.37 years.last_img read more

He was also instrumental in securing the assistance of the Asian Flight Oral Cancer organization based in Tokyo headed by Professor KanichiSeto to fight against oral cancer among Sri Lankans resulting in the cure of over 250 victims. In recognition of his outstanding service in promoting Japanese productivity techniques in Sri Lanka and enhancing bilateral relationship between the two countries, he was awarded the Japanese Foreign Minister’s Commendation in 2014. The Government of Japan today announced the conferment of “The order of the Rising Sun, Gold Rays with Rosette” upon Lal De Alwis in recognition of his significant contribution in strengthening and deepening Japan and Sri Lanka relations.A congratulatory message was sent by Fumio Kishida, Minister of Foreign affairs in Japan today upon the announcement stating “Please accept my sincerest congratulations on the conferment of ‘The Order of the Rising Sun, Gold Rays with Rosette’, in recognition of your outstanding contribution, and my best wishes for your continued good health and happiness”. De Alwis followed two training programmes organized in Japan by the Asian Productivity Organization and was able to transfer this technology to many private sector companies and government organizations through seminars conducted by the Japan Sri Lanka Technical Cultural Association (JASTECA). In 1983, he also followed the Association for Overseas Technical Scholarship (AOTS)programme for Cross – Cultural Management (PCCM) in Japan and was instrumental in introducing the 5S management practices in Sri Lanka. Since then, he has been supporting JASTECAin organizing seminars, workshops and also conducting an annual award scheme known as the Taiki Akimoto 5S awards and Kaizen Awards which have grown in popularity among many organizationsand industries in Sri Lanka.Accordingly, Lal De Alwis has played a key role in promoting JASTECA activities for the last 30 years resulting in the Association being graded as one of the best AOTS Alumni Societies in the world by AOTS. He also played a pioneering role together with the late Ian Dias Abeysinghe in establishing the Sri Lanka alumni of AOTS and ABKD known as the Asia Cultural Association in 1965 for the purpose of channeling technical training opportunities to Sri Lankans.In February 1984, De Alwis together with Abeysinghe and assisted by four others established the Japan Sri Lanka Technical Cultural Association (JASTECA).In 1985, He was elected as the Secretary General of the JASTECA and became its president in 1984, 1989, 1990 and 1991.In 1989, he was unanimously elected to chair the World Convention of AOTS Alumni Societies held in Yokohama, Japan. On his initiative as the Chairman of the World Convention of AOTS an independent fund known as the WNF was established to assist developing countries. He is currently the Vice Patron of JASTECA and a Trustee of the JASTECA Trust. De Alwis is a well-known business leader and has served as Managing Director and CEO of several prominent companies in Sri Lanka. In rendering his valuable service in the Sri Lanka’s business arena, also served as the President of the National Chamber of Commerce of Sri Lanka for a period of 2 years from 2009 to 2011.He was also elected to chair the Joint Chambers Business Forum comprising of all the trade chambers of Sri Lanka. (Colombo Gazette) De Alwis graduated in Business Management in 1976 and holds a Diploma in Professional Diplomacy and World Affairs which he obtained in 2011 conducted by the Bandaranaiyake International Training Institute. read more