Ultramax sale unravels for Diana Shipping

New York-listed Diana Shipping has confirmed that the planned sale of an ultramax bulker in which it holds a minority stake has collapsed. The Semiramis Paliou-led company said the memorandum of agreement to sell the 2016-built ultramax DSI Drammen has been terminated. Diana owns 25% of the 63,379-dwt vessel through a limited partnership, with the …

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