Dry CargoEurope

Diana Shipping offloads 18-year-old panamax for $13m

New York-listed Greek bulker owner Diana Shipping has signed a memorandum of agreement to sell to an undisclosed customer an 18-year-old panamax.

The customer described only as an “unaffiliated third party” bought the 2006-built, 76,942-dwt ship Artemis with delivery to the buyer by March 8, 2024, at the latest.

According to a statement by the company, the sale price for the bulker was $12.99m before commissions.

Upon completion of the sale, the fleet of the Semiramis Paliou-led company will consist of 39 dry bulk vessels four newcastlemax, nine capesize, five post-panamax, six kamsarmax, six panamax, and nine ultramax.

As of today, the combined carrying capacity of the company’s fleet is approximately 4.5m dwt with a weighted average age of 10.59 years.

Diana Shipping has been very active at the start of the year. So far, the company entered into time charter contracts with Glencore’s Singapore-based ST Shipping and Transport for the 2013-built, 75,403-dwt bulker Maera and with Stone Shipping for the 2016-built, 60,309-dwt DSI Aquarius.

The company also won a contract extension for the 2012-built, 98,697-dwt post-panamax bulker Amphitrite with Cobelfret.

Bojan Lepic

Bojan is an English language professor turned journalist with years of experience covering the energy industry with a focus on the oil, gas, and LNG industries as well as reporting on the rise of the energy transition. Previously, he had written for Navingo media group titles including Offshore Energy Today and LNG World News. Before joining Splash, Bojan worked as an editor for Rigzone online magazine.
Back to top button