Ahoy! Diana Shipping Waves Goodbye to Its Oldest Ship

Diana Shipping has sealed a deal to offload its oldest vessel, the 18-year-old panamax bulk carrier Artemis, for $12.99 million to an undisclosed buyer. The sale, scheduled for completion by March 8, will trim the Greek shipowner's fleet to 39 dry bulk vessels. This includes four Newcastlemax, nine Capesize, five Post-Panamax, six Kamsarmax, six Panamax, and nine Ultramax ships.

Ahoy there, ship enthusiasts! Diana Shipping has just made waves in the maritime world with its latest announcement. Brace yourselves because the Greek shipowner has sealed the deal to bid adieu to its oldest vessel, the 18-year-old panamax bulk carrier, Artemis.

In a move that has set the industry abuzz, Diana Shipping, through one of its subsidiaries, has inked a memorandum of agreement to sell the 76,942 deadweight tonnage (dwt) vessel to a mysterious third-party buyer for a cool $12.99 million. Now, that’s what I call making some serious waves in the market.

The countdown has begun, folks! Mark your calendars for March 8, the deadline for the vessel to embark on its new journey under the ownership of the undisclosed buyer. It’s all hands on deck for this momentous handover.

Post-sale, Diana Shipping’s fleet will undergo a transformation, standing proud with 39 dry bulk vessels. The fleet boasts quite the lineup, featuring four Newcastlemax, nine Capesize, five Post-Panamax, six Kamsarmax, six Panamax, and nine Ultramax vessels. With this diverse fleet, Diana Shipping is charting a course for a robust and versatile maritime operation.

This strategic move by Diana Shipping underscores the dynamic nature of the shipping industry, where adaptability and foresight are the compass points for success. By parting ways with the aging Artemis, Diana Shipping is not only reshaping its fleet but also signaling its commitment to staying ahead in the ever-evolving world of maritime trade.

As the Artemis prepares to sail into the sunset under new ownership, the maritime community eagerly anticipates the next chapter in Diana Shipping’s voyage. With a fleet that’s been fine-tuned to meet the demands of modern shipping, the company is poised to navigate the tides of change and emerge stronger than ever. Fair winds and following seas, Diana Shipping!

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