Diana shipping inc. announces sale and leaseback of m/v florida

Athens, greece, march 23, 2022 (globe newswire) -- diana shipping inc. (nyse: dsx), (the “company”), a global shipping company specializing in the ownership 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 2022 new-building capesize dry bulk vessel, m/v florida. upon completion, which is estimated to take place by march 29, 2022, the company's gross proceeds in connection with the sale and leaseback transaction will be us$50.0 million. as part of the agreement, the company will bareboat charter-in the vessel for a period of ten years and have purchase options beginning at the end of the third year of the agreement.
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