Diana Shipping Announces Sale of Panamax Vessel m/v Thetis

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Diana Shipping Inc. announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell “Thetis”, for a sale price of USD 6.4 million before commissions, reports Sea News.

What is in the agreement?

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2004-built vessel “Thetis”, with delivery to the buyer latest by July 31, 2019, for a sale price of USD 6.4 million before commissions.

Diana Shipping Inc.s fleet

Upon completion of the aforementioned, Diana Shipping Inc.’s fleet will consist of 44 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 16 Panamax).

As of today, the combined carrying capacity of the Company’s fleet, including the m/v Thetis, is approximately 5.5 million dwt with a weighted average age of 9.27 years.

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Source: SeaNews