DSX - Diana Shipping's m/v Melia sold to OceanPal for $14M
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Diana Shipping ( NYSE: DSX ) on Wednesday agreed to sell m/v Melia to OceanPal ( NASDAQ: OP ) for US$14.0 million.
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Shares of OceanPal up +8.3% , Diana stock down -0.8%.
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Of the sale price, US$4.0 million was paid upon signing of the memorandum of agreement, and the remaining amount will be paid upon the delivery of the vessel in the form of OceanPal’s Series D Preferred Stock.
The m/v Melia is a 2005-built Panamax dry bulk vessel with a carrying capacity of 76,225 dwt.
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Delivery to the buyer is expected to occur by the end of February 2023.
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Upon completion of the previously announced sale of m/v Aliki and the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 41 dry bulk vessels.
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OceanPal’s fleet will consist of 5 dry bulk vessels after completing the purchase.
For further details see:
Diana Shipping's m/v Melia sold to OceanPal for $14M