- Diana Shipping Inc. Announces the Sale of a Capesize Dry Bulk Vessel, the m/v Norfolk for US$9.35 million.
- Also announces a new time charter contract for m/v Maia With Aquavita at charter rate US$11,200 per day.
- Time charter anticipated to generate approximately US$4.7 million of gross revenue.
According to a press release published in Nasdaq website, Diana Shipping Inc. has announced its sale deal and a new time charter contract.
Sale of Norfolk
Diana Shipping Inc. (NYSE: DSX) announced that it has signed a Memorandum of Agreement to sell to an unaffiliated third party its vessel “Norfolk”.
The vessel is 2002-built , with delivery to the buyer latest by February 25, 2020, for a sale price of US$9.35 million before commissions.
Time charter contract
Diana Shipping Inc. also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Maia.
Charter rate
The gross charter rate is US$11,200 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen (14) months to about sixteen (16) months.
The “Maia” is a 82,193 dwt Kamsarmax dry bulk vessel built in 2009.
This employment is anticipated to generate approximately US$4.7 million of gross revenue for the minimum scheduled period of the time charter.
Diana Shipping Inc.’s fleet
Upon completion of the aforementioned sale and the previously announced sale of a Panamax dry bulk vessel, the m/v Calipso, Diana Shipping Inc.’s fleet will consist of 40 dry bulk vessels (4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax and 13 Panamax).
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Source: Nasdaq
