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Home Dry Bulk Shipping News

Diana sells 15-year-old post-panamax and nets newcastlemax charter extension

February 12, 2025
in Dry Bulk Shipping News
Diana sells 15-year-old post-panamax and nets newcastlemax charter extension
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Greece’s Diana Shipping has agreed to sell its 2010-built post-panamax bulker Alcmene for about $11.9m and secured a charter extension for one of its newcastlemaxes at a bumper rate.
The New York-listed company said it will deliver the 93,193 dwt vessel to an undisclosed buyer by March 7.
The Jiangsu New Yangzijiang-built unit, which Athens-based Diana acquired for about $40m in 2010, is estimated at $14m by online pricing platform VesselsValue.
The ship is the oldest post-panamax in Diana’s fleet, which will count 37 bulkers once the deal is closed.
The Semiramis Paliou-led company has also secured a charter extension deal with Singapore’s SwissMarine for the 2017-built newcastlemax San Francisco.
The 208,006 dwt ship, currently earning $22,000 per day, will from February 27 deliver $26,000 per day until at least October 25, 2026, or about $15.55m in total, with options to extend up to December 25 of the same year.
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