Diana Shipping plans to continue offloading older tonnage in exchange for its undervalued shares, having sold several ships and bought millions of common units since late last year.
The Simeon Palios-led bulker owner has offloaded seven panamaxes since November, the latest being 73,600-dwt Thetis (built 2004), delivered today to an unnamed buyer for $6.4m.
The New York-listed company earned $42.1m
