Diana Shipping Announces the Sale of a Panamax Dry Bulk Vessel

Source: www.gulfoilandgas.com 1/23/2024, Location: Europe

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2006-built vessel “Artemis”, with delivery to the buyer latest by March 8, 2024, for a sale price of US$12.99 million before commissions.

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 39 dry bulk vessels (4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Artemis, is approximately 4.5 million dwt with a weighted average age of 10.59 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute a part of this press release.


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