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Diana Shipping Inc. announces sale of a capesize dry bulk vessel

Published by , Editorial Assistant
Dry Bulk,

Diana Shipping Inc. has announced that it has signed an MOA to sell to an unaffiliated third party, the 2002-built vessel ‘Norfolk’, with delivery to the buyer latest by 25 February 2020, for a sale price of US$9.35 million before commissions.

The company also announced that it has entered into a time charter contract with Aquavita International S.A., for one of its kamsarmax dry bulk vessels, the M/V Maia. The gross charter rate is US$11 200/d, minus a 5% commission paid to third parties, for a period of minimum 14 months to about 16 months. The new charter commenced on 29 January 2020.

The ‘Maia’ is an 82 193 DWT kamsarmax dry bulk vessel built in 2009. This employment is anticipated to generate approximately US$4.7 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the aforementioned sale and the previously announced sale of a panamax dry bulk vessel, the M/V Calipso, Diana Shipping Inc.’s fleet will consist of 40 dry bulk vessels (4 newcastlemax, 13 capesize, 5 post-panamax, 5 kamsarmax and 13 panamax). As of today, the combined carrying capacity of the company’s fleet, including the M/V Norfolk and the M/V Calipso, is approximately 5.2 million DWT with a weighted average age of 9.62 years.

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