Diana sells panamax “Nirefs”

News, Sales and Purchases, Statistics, Stock Markets — By on July 26, 2019 at 12:54 PM

DIANA SHIPPING INC. ANNOUNCES THE SALE  OF A PANAMAX DRY BULK VESSEL, THE M/V NIREFS

ATHENS, GREECE, July 26, 2019 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership 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 2001-built vessel “Nirefs”, with delivery to the buyer latest by October 30, 2019, for a sale price of US$6.71 million before commissions.

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 43 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 15 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Nirefs, is approximately 5.4 million dwt with a weighted average age of 9.31 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.

About the Company

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

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