Diana Shipping Announces Its US$ 11.25m Bulker Sale Deal

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Diana Shipping Inc. signs an MoU to sell its Panamax Dry Bulk Vessel, says a press release published on their website.

The Memorandum of Agreement 

Diana Shipping Inc. announced that on March 16, 2021 it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2006-built vessel “Naias”

The delivery to the buyer is to be done latest by July 30, 2021, for a sale price of US$11.25 million before commissions.

Diana’s fleet

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 36 dry bulk vessels:

  • 4 Newcastlemax,
  • 12 Capesize,
  • 5 Post-Panamax,
  • 5 Kamsarmax
  • and 10 Panamax. 

As of today, the combined carrying capacity of the Company’s fleet, including the m/v Naias, is approximately 4.7 million dwt with a weighted average age of 10.07 years.

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Source: Diana Shipping