Diana shipping inc. announces sale and leaseback of m/v new orleans and m/v santa barbara

Athens, greece, aug. 17, 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 two separate wholly-owned subsidiaries, it has entered into two sale and leaseback agreements with two unaffiliated japanese third parties for the 2015-built capesize dry bulk vessel, m/v new orleans, and the 2015-built capesize dry bulk vessel, m/v santa barbara. upon completion of the transactions, which are estimated to take place by the end of the third quarter of 2022, the company's gross proceeds will be us$66.4 million (us$33.2 million each). as part of the agreements, the company will bareboat charter-in the vessels for a period of eight years and have purchase options beginning at the end of the third year of their bareboat charter period.
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