Diana Shipping Signed A Memorandum Of Agreement To Sell To An Unaffiliated Third Party, The 2009-built Vessel "Houston", With Delivery To The Buyer Latest By September 16, 2024, For $23.3M Before Commissions
Portfolio Pulse from Benzinga Newsdesk
Diana Shipping has agreed to sell its 2009-built vessel 'Houston' to an unaffiliated third party for $23.3 million, excluding commissions. The delivery to the buyer is scheduled by September 16, 2024.
February 23, 2024 | 1:44 pm
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Diana Shipping's sale of the 'Houston' vessel for $23.3 million could positively impact its financials by increasing liquidity.
The sale of a significant asset like the 'Houston' vessel for $23.3 million is likely to positively impact Diana Shipping's liquidity and potentially its stock price in the short term. The deal indicates asset monetization which could be used for debt reduction, new investments, or returning value to shareholders.
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