Diana Announces the Sale of a Panamax Dry Bulk Vessel

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  • Diane Shipping Inc to sell vessel “Triton” for a whopping US$7.35 million.
  • Combined carrying capacity of their fleet, including the Triton remains 5.8 million dwt.
  • The average age of the fleet will be 9.21 years.
  • The vessel will be delivered to a third party buyer by January 7, 2019.

Diana Shipping Inc., a global shipping company that specializes in the ownership of dry bulk vessels, announced that it has signed a Memorandum of Agreement to sell, the 2001-built vessel “Triton”, says an article by GlobalNewswire.

What’s in the agreement?

The vessel will be delivered to the unaffiliated third party buyer latest by January 7, 2019, for a sale price of US$7.35 million before commissions. The sale was arranged through a separate wholly-owned subsidiary.

How will it help the company?

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 49 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax, and 21 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Triton, is approximately 5.8 million dwt with a weighted average age of 9.21 years.

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Source: Diana Shipping Inc