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Diana Shipping have committed their Panamax “Erato” 74/2004 Hudong Zhonghua, China with SS/DD 08/2019 to Chinese buyers for USD 7 mill.

Diana Shipping announces the sale of Panamax dry bulk vessel m/v Erato

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has signed a Memorandum of Agreement to sell to an unaffiliated third party, the 2004-built vessel “Erato”, with delivery to the buyer latest by June 10, 2019, for a sale price of US$7.0 million before commissions, the company said in its release. Upon completion of the aforementioned sale and the previously announced sale of a Panamax dry bulk vessel, the m/v Dione, Diana Shipping Inc.’s fleet will consist of 45 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 17 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Erato and m/v Dione, is approximately 5.6 million dwt with a weighted average age of 9.30 years.

New Period Charter fixed

delivery North China in direct continuation January 5 - 15, fourteen to seventeen months trading, redelivery world- wide, 10.500 $ daily, Phaethon