Diana shipping inc. announces sale and leaseback of m/v dsi andromeda and time charter contract for m/v dsi pegasus with reachy

Athens, greece, dec. 07, 2022 (globe newswire) -- diana shipping inc. (nyse: dsx), (the “company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a sale and leaseback agreement with an unaffiliated japanese third party for the 2016-built ultramax dry bulk vessel, m/v dsi andromeda. upon completion of the transaction, which is estimated to take place by the end of the fourth quarter of 2022, the company's gross proceeds will be us$29.85 million. as part of the agreement, the company will bareboat charter-in the vessel for a period of ten years plus 30 days at the charterer's option, and will have purchase options beginning at the end of the third year of the bareboat charter period.
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