News

Diana Shipping Inc. Sells Panamax Vessel 'Selina' for $11.8M

Diana Shipping Inc. Sells Panamax Vessel 'Selina' for $11.8M

Diana Shipping Inc. Sells the Panamax Dry Bulk Vessel 'Selina'

Diana Shipping Inc. (NYSE: DSX), a leading global shipping company, has taken a significant step in its operational strategy by agreeing to sell the Panamax vessel 'Selina,' built in 2010. This transaction, valued at approximately US$11.8 million, is set to finalize by mid-August of the current year, reflecting the company's ongoing evolution in the dry bulk shipping sector.

Fleet Composition and Future Prospects

Following the completion of this sale, the company will maintain a dynamic fleet comprising 36 dry bulk vessels, which includes various categories such as Newcastlemax, Capesize, and Ultramax vessels. This diverse array allows Diana Shipping Inc. to cater to a broad spectrum of dry bulk transportation needs, from iron ore to coal and grains.

Exciting growth prospects are on the horizon, as the company anticipates the arrival of two new methanol dual fuel Kamsarmax vessels. These state-of-the-art ships are slated for delivery in the next few years, further bolstering the company's capacity to serve its clients effectively.

Current Fleet Information

As of now, Diana Shipping Inc.'s fleet boasts a combined carrying capacity of around 4.1 million deadweight tons (dwt) and a weighted average vessel age of 11.63 years. This blend of experience and innovative shipping solutions positions the company favorably amidst market fluctuations.

About Diana Shipping Inc.

Diana Shipping Inc. specializes in the ownership and operation of dry bulk vessels. The company is committed to providing reliable shipping services on short to medium-term charters, ensuring that a variety of commodities are delivered across global trade routes efficiently.

Corporate Commitment and Contact Information

Staying true to its commitment to transparency and communication, Diana Shipping Inc. provides numerous resources for stakeholders to access fleet details and corporate initiatives. For inquiries, individuals can contact:

Ioannis Zafirakis
Director, Co-Chief Financial Officer,
Chief Strategy Officer,
Treasurer and Secretary
Telephone: +30-210-9470-100
Email: izafirakis@dianashippinginc.com
Website: www.dianashippinginc.com
X: @Dianaship

Frequently Asked Questions

What is the sale price of the m/v Selina?

The m/v Selina is sold for approximately US$11.8 million.

How many vessels does Diana Shipping Inc. operate?

Following the sale of the Selina, Diana Shipping Inc. will operate 36 dry bulk vessels.

What types of cargo do Diana Shipping vessels transport?

The vessels primarily transport dry bulk commodities including iron ore, coal, and grain.

What are the upcoming additions to the fleet?

The company is set to take delivery of two new methanol dual fuel Kamsarmax vessels in the next few years.

Who is the contact for investor relations?

Investor relations inquiries can be directed to Nicolas Bornozis or Daniela Guerrero, Capital Link, Inc., through their listed contact information.

About The Author

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

Top 10 Most Recent News Articles

BETR's Slide: Investors Face Big Losses, Leadership Shift

Updated Category News Views 47

BETR Investors Left in the Lurch It's a real trainwreck, folks. Better Home & Finance Holding Company, trading under NASDAQ:BETR, is in the spotlight for all the wrong reasons. The company expanded the class period for its investor lawsuit to include even more dates between March and August 2026, reflecting a torturous ride for shareholders. Their stock cratered by a...

Continue Reading
IEHP's Wellness Center Launch Faces Delay in California

Updated Category News Views 99

Unexpected Delay for IEHP's Community Hub Straight outta Rancho Cucamonga, we've got some news that'll have folks in San Bernardino holding their breath a little longer. The Inland Empire Health Plan (or IEHP if you're part of the 1.4 million served by them) had folks pumped for their new Community Wellness Center. But guess what? They had to slam the brakes on the grand...

Continue Reading
MV Transportation Celebrates Leadership Nomination for FTA

Updated Category News Views 132

MV Throws Support Behind Aesch for FTA Role In this wild world where public transit feels the heat from financial burdens, MV Transportation's recent move to support Mark Aesch for the Federal Transit Administration's top spot isn’t just a nod of approval—it's a full-blown trumpet blast. They're not just doling out a basic endorsement here; they're practically waving...

Continue Reading
Microsoft's Cloud Misstep: Recovery Plans in Focus

Updated Category News Views 111

Microsoft's Stumble Puts CIOs on Alert Thursday's Microsoft 365 outage, a wrench in the works for every firm that ties its daily operations to these cloud services, has brought some harsh truths to the table. On November 12, outages hit users hard, preventing access to Exchange Online mailboxes and sending ripples through Teams, SharePoint, Copilot, and Defender. You...

Continue Reading
Accuray Finishes Key Deal, Resetting Financial Trajectory

Updated Category News Views 136

Accuray Secures the Deal, But Is the Future Bright? Every now and then in the investing world, a company pulls off a maneuver that you wish you’d thought of first. Today, folks, it's Accuray's turn. They've just wrapped up a monstrous transaction with TCW – their primary lender and shareholder – that has them feeling optimistic about the road ahead. Bold Moves to...

Continue Reading
Kentucky Power's Bold Plan to Boost Local Economy

Updated Category News Views 183

Electricity, Economy, and Execution Kentucky Power just laid out plans that could massively swing the pendulum for eastern Kentucky's economic prospects. They've put filings on the table for the Kentucky Public Service Commission that, if approved, promise big economic benefits. We're talking about a potential infusion of $500 million through fixed-rate offsets and an...

Continue Reading
PenFed Fuels Aggie Spirit with Blackout Game Activation

Updated Category News Views 196

A Different Kind of Game Day Experience Ah, there's nothing quite like the vibrancy of a Texas A&M game day, especially when it's a blackout event. On November 14, fans aren't just getting the good old college football thrills; they're diving headfirst into an extravaganza, courtesy of PenFed Credit Union. You might know them as the go-to credit union for military folks,...

Continue Reading
Thanksgiving in Outer Banks: Unique Traditions Await

Updated Category News Views 115

Thanksgiving Plans Off the Beaten Path Thanksgiving in the Outer Banks isn't just another holiday; it's a whole different ball game. Imagine trading in the usual family couch-potato marathon for a beachside gathering, where the sand replaces the snow, and coastal seafood joins the turkey on your dinner table. If you've been teetering on the edge of making plans, this...

Continue Reading
GTEC Faces Nasdaq Bid Price Compliance Challenge

Updated Category News Views 228

Greenland Technologies in a Tight Spot Man, stocks can be as unpredictable as a cat on a hot tin roof, and Greenland Technologies Holding Corporation (Nasdaq: GTEC) just got a cold splash of reality from Nasdaq. On November 10, 2026, they were handed a Notification Letter that ain’t exactly a love note. Their shares slipped below the one-buck hurdle, and Nasdaq isn’t...

Continue Reading
YSTUDIO's Pens: A Nod to the Power of Writing

Updated Category News Views 140

Slow Down, Write On: A New Era for Stationery In a world where sentiments zip around with a swipe, here we find YSTUDIO tapping into something analog and profound. Their latest offerings—a 'Brand Day Gift Box' and the 'Inner Universe' pen series—are more than just high-end stationery. They’re an invitation to reconnect with the written word, a gesture to slow our...

Continue Reading

Top 5 Most Recently Viewed Articles

Watsco Plans Key Conference Call for Third Quarter Results

Updated Category News Views 115

Watsco's Upcoming Conference Call Announcement Watsco, Inc. (NYSE: WSO) is excited to share that it will host a conference call to delve into its third quarter financial results. This important event is set to take place on Wednesday at 10:00 a.m. (EDT). Key remarks regarding the financial outcomes will be presented, followed by a session where investors can ask questions...

Continue Reading
TREMFYA® Gains FDA Approval for Crohn's Disease Treatment

Updated Category News Views 561

TREMFYA® Approved for Crohn's Disease TREMFYA® (guselkumab) stands out as the first and only IL-23 inhibitor to secure FDA approval for treating adults struggling with moderately to severely active Crohn's disease (CD). This breakthrough marks a significant advancement in the options available for patients suffering from this chronic inflammatory condition. Clinical...

Continue Reading
ImageTrend Partners to Enhance EMS Data Reporting System

Updated Category News Views 221

ImageTrend's Commitment to EMS Data Reporting In a significant move to enhance emergency medical service (EMS) data reporting, the Michigan Department of Health and Human Services (MDHHS) has formed a pivotal partnership with ImageTrend, following its acquisition of biospatial. This collaboration is set to ensure seamless service continuity for EMS agencies throughout the...

Continue Reading
Marimaca Copper Corp. Advances with Pampa Medina Deal

Updated Category News Views 113

Marimaca Copper Corp. Takes a Significant Step Toward Growth Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) has made headlines recently by signing a crucial binding option agreement to acquire the Pampa Medina project. This agreement underscores the company's commitment to expanding its operations and enhancing its resource base, essential...

Continue Reading
Leadership Changes Announced at New York Life Real Estate Investors

Updated Category News Views 910

New Leadership Underlines a Transition at New York Life Real Estate Investors New York Life, renowned as the largest mutual life insurance company in the United States, is making noteworthy changes within its esteemed Real Estate Investors segment. NYLREI stands out for its impressive $68 billion in real estate investments, and recent updates indicate a notable leadership...

Continue Reading