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
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