Greece-based and New York-listed Diana Shipping, through a separate wholly-owned subsidiary, has signed a memorandum of agreement to sell to an unaffiliated third party the 2010-built post-panamax vessel Alcmene with delivery to the buyer latest by March 7.
Diana Shipping led-by the Palios family said yesterday that the sale price is around $11.9m before commissions.
The company also, through a separate wholly-owned subsidiary, has entered into a time charter contract with SwissMarine Pte. Ltd., Singapore, for one of its newcastlemax dry bulk vessels, the San Francisco.
The San Francisco is a 208,006 dwt newcastlemax dry bulk vessel built in 2017.
Semiramis Paliou-led Diana fixed the vessel for a period until minimum October 25, 2026, up to maximum December 25, 2026.
The vessel is chartered to a gross charter rate of $26,000 per day, minus a 5.00% commission paid to third parties.
The new charter period is expected to start on February 27. The San Francisco is currently chartered at a gross charter rate of $22,000 per day, minus a 5.00% commission paid to third parties.
The Greek shipowner said the employment extension of San Francisco is anticipated to generate around $15.55m of gross revenue for the minimum scheduled period of the time charter.
Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 37 dry bulk vessels (4 newcastlemax, 8 capesize, 4 post-panamax, 6 kamsarmax, 6 panamax and 9 ultramax).
The company also expects to take delivery of two methanol dual fuel new-building kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively.
Currently, the combined carrying capacity of the company’s fleet, including the Alcmene and excluding the two vessels not yet delivered, is approximately 4.2 million dwt with a weighted average age of 11.37 years.
