Diana Shipping Inc. (NYSE: DSX), 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.

Diana Shipping Announces the Sale of a Panamax Dry Bulk Vessel mv Nirefs
Caption: Bulk carrier Nirefs - Image courtesy of Jan van der Pluijm

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.

Source: Diana Shipping