Diana Shipping continues to offload its oldest panamax bulkers and repurchase shares.
The New York-listed company has signed an agreement to sell the 74,400-dwt Erato (built 2004) by 10 June.
The ship will be sold for $7m, just shy of its market value of $7.21m, according to VesselsValue. Its demolition value is $5.73m.
Diana in mid-February announced plans to sell the 75,100-dwt Danae and 75,200-dwt Dione (both built 2001) for $7.2m
