Diana Shipping Inc. Announces the Sale of a Panamax Dry Bulk Vessel, the m/v Thetis

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2004-built vessel “Thetis”, with delivery to the buyer latest by July 31, 2019, for a sale price of US$6.4 million before commissions.

Upon completion of the aforementioned, Diana Shipping Inc.’s fleet will consist of 44 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 16 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Thetis, is approximately 5.5 million dwt with a weighted average age of 9.27 years.

Source: Diana Shipping Inc.