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Diana Shipping Inc. announces delivery, sale and leaseback of m/v Florida

 

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Dry Bulk,

Diana Shipping Inc., a global shipping company specialising in the ownership and bareboat charter-in of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Florida, a 2022 Japanese new-building capesize dry bulk vessel that the company entered into an agreement to purchase in December 2021.

As previously announced, the company, through a separate wholly-owned subsidiary, simultaneously entered into a sale and leaseback agreement with an unaffiliated Japanese third party for the m/v Florida.

As part of the agreement, the company will bareboat charter-in the vessel for a period of 10 years at US$13 500/d. The charter commenced 29 March 2022.

Currently, the m/v Florida is time chartered to Bunge S.A., Geneva, at a gross charter rate of US$25 900/t, minus a 5% commission paid to third parties, for a period of minimum 58 months to maximum 62 months.

 

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Dry bulk shipping market Capesize news