DSX - Diana Shipping announces sale and leaseback of m/v florida

Diana Shipping (DSX +4.5%) has 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 Co. gross proceeds in connection with the sale and leaseback transaction will be $50M. As part of the agreement, the Co. 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. The vessel is now expected to be delivered to the Co. by the sellers by March 29, 2022.

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Diana Shipping announces sale and leaseback of m/v florida