Diana Shipping Inks Deal to Sell Capesize Bulk ship for $18m

Greece´s dry bulk shipowner Diana Shipping has sealed a deal to sell to an unaffiliated third party, the 2007-built capesize bulk carrier “Boston”, with scheduled delivery to the buyer latest by December 20 this year.

Diana Shipping led-by the Palios family said yesterday that the net sale price is about $18m.

The Greek shipowner however didn’t disclose the name of the buyer.

When the deal is completed the dry bulk owner will have in its fleet portfolio of 40 dry bulk vessels (four newcastlemax, nine capesize, five post-panamax, six kamsarmax, seven panamax and nine ultramax).

Furthermore, the combined carrying capacity of the company’s fleet, including the ship Boston, is approximately 4.7 million dwt with a weighted average age of 10.51 years.

Mrs. Semiramis Paliou, director and chief executive of Diana has sealed also deal, as Shipping Telegraph reported in September, for a pair of 81,200 dwt methanol dual fuel new-building kamsarmax dry bulk vessels, for a purchase price of $46m each, built at Tsuneishi Group (Zhoushan) Shipbuilding, in China.

The methanol dual fuel new-building Kamsarmax pair is expected to be delivered to the company by the second half of 2027, and the first half of 2028 respectively.