Diana Shipping believes the time has come to offer shareholder returns in two ways in a strong dry bulk market: either through dividends or assets.
As TradeWinds has reported, the Semiramis Paliou-led owner of 37 bulkers announced in late October that it planned to spin off three of its older assets into a separately listed company named OceanPal.
New York-listed Diana said it would give shareholders one share of OceanPal for every 10 owned shares of Diana once the OceanPal transaction is complete, though it has been delayed.
