Diana Shipping Inc. Announces Delivery, Sale and Leaseback Deal

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Diana Shipping Inc. (NYSE: DSX), (the “Company”), through a separate wholly-owned subsidiary, has taken delivery of the m/v Florida, a 2022 Japanese new-building Capesize dry bulk vessel that the Company entered into an agreement to purchase in December 2021, says a press release published on their website.

Sale and leaseback agreement

As previously announced, the Company, through a separate wholly-owned subsidiary, simultaneously entered into a sale and leaseback agreement with an unaffiliated Japanese third party for the m/v Florida. As part of the agreement, the Company will bareboat charter-in the vessel for a period of ten years at US$13,500 per day. The charter commenced earlier today.

Currently, the m/v Florida is time chartered to Bunge S.A., Geneva, at a gross charter rate of US$25,900 per day, minus a 5% commission paid to third parties, for a period of minimum fifty-eight (58) months to maximum sixty-two (62) months.

Diana’s fleet

Diana Shipping Inc.’s owned and bareboat chartered-in fleet currently consists of 35 dry bulk vessels:

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

As of today, the combined carrying capacity of our fleet is approximately 4.5 million dwt with a weighted average age of 10.17 years.

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Source: Diana Shipping