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DSX

Diana Shipping

$2.74 /

-0.02 (-0.72%)

09:27
01/29/20
01/29
09:27
01/29/20
09:27

Diana Shipping announces sale of m/v Norfolk, time charter contract for m/v Maia

Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2002-built vessel "Norfolk", with delivery to the buyer latest by February 25, 2020, for a sale price of $9.35M before commissions. The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Maia. The gross charter rate is $11,200 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen months to about sixteen months. The new charter will commence today. The "Maia" is a 82,193 dwt Kamsarmax dry bulk vessel built in 2009. This employment is anticipated to generate approximately $4.7M of gross revenue for the minimum scheduled period of the time charter.

DSX Diana Shipping
$2.74 /

-0.02 (-0.72%)

02/27/19 Pareto
Diana Shipping downgraded to Hold from Buy at Pareto

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