Diana announces the sale of panamax “Clio”

Dry Bulkcarriers, Markets, Sales and Purchases, Stock Markets — By on November 7, 2019 at 2:45 PM

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

ATHENS, GREECE, November 7, 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 2005-built vessel “Clio”, with delivery to the buyer latest by November 29, 2019, for a sale price of US$7.4 million before commissions.

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 42 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 14 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Clio, is approximately 5.3 million dwt with a weighted average age of 9.46 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.

Tags:

Leave a Reply

IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

What is 5 + 13 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback