Diana Shipping Sells Panamax Dry Bulker

Diana Shipping plans to sell one of its panamax dry bulk vessels to an unaffiliated third party, the New York-listed company said.

The global shipping company specializing in the ownership of dry bulk vessels said in a press release that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2001-built vessel “Nirefs”.

The delivery to the buyer latest by October 30, 2019, it said. The sale price is US$6.71 million before commissions, said the provider of shipping transportation services through its ownership of dry bulk vessels.

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 43 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 15 Panamax).

As of today, the combined carrying capacity of the Company’s fleet, including the m/v Nirefs, is approximately 5.4 million dwt with a weighted average age of 9.31 years.