Diana shipping inc. announces the sale of a panamax dry bulk vessel, the m/v melia

Athens, greece, feb. 01, 2023 (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, announced that it has signed, through a separate wholly-owned subsidiary, a memorandum of agreement to sell one of its dry bulk vessels, the m/v melia, to oceanpal inc., a related party. the aggregate sale price of the vessel is us$14.0 million. of the sale price, us$4.0 million was paid upon signing of the memorandum of agreement and the remaining amount will be paid upon the delivery of the vessel in the form of shares of the oceanpal inc.'s series d preferred stock, the terms of which are set forth in the statement of designation of the series d preferred stock. the aggregate sale price was agreed upon based on the average of two independent shipbroker vessel valuations, taking into account the share-based component of the consideration.
DSX Ratings Summary
DSX Quant Ranking