Diana Shipping announces Sale of a Panamax Dry Bulk Vessel

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(Image Courtesy: Diana Shipping)

Diana Shipping Inc. has 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 “Coronis”, with delivery to the buyer latest by January 20, 2021, for a sale price of US$7.1 million before commissions.

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 39 dry bulk vessels (4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax and 12 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Coronis, is approximately 5.0 million dwt with a weighted average age of 9.95 years.

Sea News, September 17

Baibhav Mishra
Author: Baibhav Mishra