Shipowner Diana Shipping, which is listed on the New York Stock Exchange and owns of a fleet of bulk vessels, has appointed its new deputy chief executive. The position will be filled by Semiramis Paliou, who begins immediately.

She was unanimously appointed by the company's board of directors, and the idea is for her to one day take over the job as CEO, which is currently held by her father, Simeon Palios. He will continue until further notice, however, and will perform the same duties as hitherto.