Diana Shipping sells bulker
Diana Shipping Inc., a specialist in dry bulk cargoes, said it has completed the sale of one of its Capesize dry bulk carriers, the Pantelis SP, at a price before commissions of $81 million.
Proceeds will be used to repay debt drawn under the Greek company’s revolving credit facility.
The Pantelis SP is a 169,883-deadweight-ton Capesize bulk carrier built in 1999. After the sale, Diana Shipping has a fleet of 13 Panamax and three Capesize bulkers. The company also expects delivery of an additional Capesize vessel in November, and two others in the second quarter of 2010.
Diana Shipping sells bulker