Diana Shipping terminates $26.86m sales deal of ultramax dry bulker

Greece-based and New York-listed Diana Shipping has announced the termination of the sales agreement for the dry bulk vessel DSI Drammen.

Earlier this year Diana Shipping signed, through a limited partnership, a memorandum of agreement to sell to an unaffiliated third party, the 2016-built ultramax dry bulk vessel DSI Drammen, with delivery to the buyer latest by October 31, for a sale price of approximately $26.86m before commissions.

The company, through its wholly-owned subsidiaries, holds a 25% interest in the limited partnership, while the remaining 75% of the limited partnership is owned by Ecobulk AS, a Norwegian entity.

In its release on Nov. 17, the company announced that the previously disclosed memorandum of agreement for the sale of the 2016-built ultramax dry bulk